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New York Federal Reserve

13 States Where Student Loan Debt Is Crushing College Grads

The Huffington Post | Harry Bradford | Posted 05.15.2013 | Business

The mountain of U.S. student loan debt is getting taller and taller, and more and more students are falling behind in their payments, according to a r...

Dramatic Increase In Student Debt Could Have Widespread Effects

The Huffington Post | Tyler Kingkade | Posted 04.17.2013 | Business

Total student debt has nearly tripled over the past eight years, a new report from the New York Federal Reserve has found. Total student debt stan...

Damning Allegations Against Geithner Renewed

Reuters | Posted 03.21.2013 | Business

* Richmond Fed's Lacker resurrects 2007 allegation * Geithner said in 2007 that claim was not accurate * U.S. Treasury d...

Top Fed Official: We Haven't Done Enough

The Huffington Post | Mark Gongloff | Posted 10.16.2012 | Business

Thing One: When Doves Cry: Ron Paul and Rick Perry may not like Ben Bernanke's Federal Reserve, but they should thank their big, bright Texas stars th...

New Reports Reveal Cause For Soaring Tuition

The Huffington Post | Tyler Kingkade | Posted 09.26.2012 | College

More students are going to college than ever before, but states have continued to cut back on funding for public colleges, and that's leading to some ...

Student Debt Crisis Continues To Get Worse

The Huffington Post | Tyler Kingkade | Posted 09.07.2012 | College

Americans are paying off their debts -- except for student loans. The latest report from the New York Federal Reserve, the 2012 Q2 Quarterly Report...

Report: Rating Agency Drastically Underreporting Muni Defaults

The Washington Post | Danielle Douglas | Posted 08.16.2012 | Business

Defaults on municipal bonds for decades have been far higher than reported by rating agencies, bringing into question the true risk of a common inves...

Mark Gongloff

'We Know We're Not Posting An Honest Libor'

HuffingtonPost.com | Mark Gongloff | Posted 07.13.2012 | Business

The New York Federal Reserve on Friday released documents showing it knew banks were manipulating a key interest rate more than four years ago. The...

'I Will Never Live In The Suburbs'

AP | KRISTEN WYATT | Posted 11.16.2012 | Business

WASHINGTON (AP) — For the first time in a century, most of America's largest cities are growing at a faster rate than their surrounding suburbs as y...

Geithner's World, Part 1: Three Years Of Immunity

Richard (RJ) Eskow | Posted 07.04.2012 | Business
Richard (RJ) Eskow

Here's a walk down memory lane that's worth taking: Three years ago Tim Geithner was in the position of having to explain why the Federal government wasn't going to nationalize the nation's failing banks. In 2009 many people expected that to be part of the government's bank rescue plan.

Geithner: 'You Can't Legislate Away Stupidity And Risk-Taking And Greed'

Reuters | Posted 06.25.2012 | Business

PORTLAND, Oregon, April 25 (Reuters) - Treasury Secretary Timothy Geithner sought on Wednesday to reassure Americans that the Obama administration w...

Federal Reserve Conducts Another Secret Sale Of AIG Assets

The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012 | Business

The Federal Reserve gave just five banks the chance to bid on taxpayer-owned AIG assets -- again. It's just the latest secret sale of the toxic mor...

Households Continue To Dig Out From Recession Losses

Posted 11.28.2011 | Business

WASHINGTON - Consumer debt fell during July through September, pushed down by declines in mortgage balances, the New York Federal Reserve said on...

Consumer Prices Fall By Most In A Year

Posted 09.14.2011 | Business

Consumer prices fell slightly more than expected in June to post their biggest drop in a year on weak gasoline costs, but underlying inflation pre...

Libya Ceasefire, Yen Stabilization Help Stock Market Rally On Friday

Reuters | Al Yoon | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Global stocks rose on Friday as traders took on riskier investments following a Libya ceasefire that reduced tension in the reg...

Top Fed Official: We're 'Very Far Away' From Price Stability

Posted 05.25.2011 | Business

NEW YORK (By Kristina Cooke) - A top Federal Reserve official signaled on Friday the central bank won't tighten monetary policy any time soon, ev...

Simon Johnson: New York Fed Making A Big Mistake?

The New York Times | Simon Johnson | Posted 05.25.2011 | Business

An uncomfortable dissonance is beginning to develop within the Federal Reserve. On the one hand, current and former senior officials now generally ag...

REVOLVING DOOR: 15-Year New York Fed Officer Joins Goldman

bloomberg.com | Matthew Leising and Shannon D. Harrington | Posted 05.25.2011 | Business

Dec. 14 (Bloomberg) -- Theo Lubke, who served for 15 years at the Federal Reserve Bank of New York and headed its efforts to reform the private deriva...

Banks Overlooking Small Companies That Want Credit, Fed Report Says

The Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Banks that lend to small businesses may have overlooked thousands of qualified loan applicants, according to a report released Monday by the New York ...

Paulson To Testify WIth Geithner On AIG Payments

Posted 05.25.2011 | Business

Former Treasury Secretary Henry Paulson, the Bush-era architect of the massive bailout of ailing financial firms, will testify alongside his successor...

Could We Expect Anything From the Pittsburgh Summit of the G-20?

Georges Ugeux | Posted 05.25.2011 | World
Georges Ugeux

Never was the G-20 intended to be anything else than a technical forum meeting twice a year. It has no power, no administration, let alone any authority.

Stephen Friedman, New York Fed Chair, Resigns

Reuters | Posted 05.25.2011 | Business

Stephen Friedman, chairman of the New York Federal Reserve's board of directors, resigned on Thursday amid questions about stock purchases in his form...

Geithner Missed Warning Signs As Crisis Loomed

ProPublica/Washington Post | by Jeff Gerth, ProPublica and Robert O'Harrow Jr., Washington Post | Posted 05.25.2011 | Business

In September 2005, Timothy Geithner made one of his most visible moves as a supervisor of the U.S. banking system. He summoned the nation's top financ...

Car sales, 2008; even worse than we thought

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Monday brought three conference calls, each about an hour, with executives from each of the Detroit Three announcing, dissecting and, most of all, spi...

New York Fed Enacts $500 Billion Plan To Drive Down Mortgage Rates

Financial Times | Saskia Scholtes | Posted 05.25.2011 | Business

The Federal Reserve Bank of New York on Monday said it had started its $500bn plan to drive down US mortgage rates by buying securities guaranteed by ...