New York Federal Reserve Bank

Tim Geithner On Dimon: Fed Banks Have 'Perception 'Problem'

Posted 05.17.2012

Read More: Elizabeth Warren, Video, Jamie Dimon Ny Fed, Business News, Jamie Dimon, Timothy Geithner Jamie Dimon, Timothy Geithner, Jpmorgan-Chase-Trading-Loss, New York Federal Reserve Bank, Business News

Timothy Geithner is worried about a problem of perception. In an interview with PBS Newshour, Geithner was asked whether or not it is a conflict of...

Read Whole Story

Jamie Dimon Defends Lobbying, Fends Off Critics At Shareholders Meeting

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012

Read More: Jamie Dimon, JP Morgan, Volcker Rule, Lobbying, Financial Regulation, Financial Reform, Derivatives, New York Federal Reserve Bank, Business News

At the annual JPMorgan Chase shareholders meeting on Tuesday morning in Tampa, Fla., CEO Jamie Dimon offered what amounted to a spirited defense of th...

Read Whole Story

JPMorgan Loss Raises Questions About Whether Regulators Were Asleep At The Wheel

Reuters | Posted 05.15.2012

Read More: JPMorgan Chase, Video, Reuters, Business News, Federal Reserve, Jpmorgan-Chase-Trading-Loss, Great White Whale, London Whale, Jpmorgan Chase London Whale, New York Federal Reserve Bank, Business News

* Shift from too big to fail to too big to manage and regulate * Massive trading loss raises questions about regulators ...

Read Whole Story

Federal Reserve Conducts Another Secret Sale Of AIG Assets

The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012

Read More: Credit Suisse Group AG, Video, Credit Suisse, Federal Reserve, Aig, New York Fed, Maiden Lane II, American International Group, New York Federal Reserve, Maiden Lane, New York Federal Reserve Bank, Business News

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...

Read Whole Story

Fed's Secret Sale Of AIG Assets To Goldman Criticized As 'Un-American'

The Huffington Post | Bonnie Kavoussi | Posted 02.10.2012

Read More: Lloyd Blankfein, Goldman Sachs, Video, AIG Securities, Federal Reserve, Aig, William Dudley, New York Fed, Goldman Sachs Aig, Federal Reserve Bank of New York, Goldman, New York Federal Reserve Bank, Business News

The Federal Reserve gave just five banks the chance to bid on $6.2 billion in taxpayer-owned AIG assets before selling them to Goldman Sachs on Wednes...

Read Whole Story

Corzine's Saga As Cautionary Tale of the Demise of Wall Street

Raymond J. Learsy | Posted 02.15.2012

Read More: Goldman Sachs, Politics, Banks, MF Global, Glass-Steagall Act, Financial Crisis, Congressional Hearings, Thomas G. BaxterJr, Commodity Futures Trading Commission, Securities and Exchange Commission, John Corzine, Dodd-Frank Bill, New York Federal Reserve Bank, New York Times, Business News

The core lesson of the Corzine imbroglio and his "Who me?" testimony before various congressional committees has not been instinctively overlooked, but certainly not emblazoned into our consciousness, as well it should be.

Read Post

The $40 Billion Iraqi Money Trail

CNBC | Eamon Javers | Posted 12.25.2011

Read More: Iraq War, Coalition Provisional Authority, Central Bank of Iraq, Baghdad, New York Fed, Iraq, Baghdad-Iraq, New York Federal Reserve Bank, World News

It has been called the largest airborne transfer of currency in the history of the world. But finding out what happened to all the money involved has ...

Read Whole Story

New York Federal Reserve Director Provokes Accusations Of Conflict Of Interest

HuffingtonPost.com | William Alden | Posted 10.24.2011

Read More: Kathryn Wylde, Economic Crisis, Bank of America, Federal Reserve, New York City, New York Federal Reserve Bank, JPMorgan Chase, Goldman Sachs, State Attorneys General, Eric Schneiderman, Attorney General, Bank of New York Mellon, Board of Directors, Business News, Financial Crisis, Citigroup, Business News

NEW YORK -- A director of the Federal Reserve Bank of New York, who is supposed to represent the public, has provoked criticism that she has a conflic...

Read Whole Story

Treasury Officials Weighing Options To Avoid Default

Reuters | Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan | Posted 09.05.2011

Read More: 14th Amendment, Treasury Department, Debt Ceiling, Debt Talks, Federal Reserve, Federal Reserve Bank of New York, New York Federal Reserve Bank, Michael Barr, United-States-Treasury-Department, Treasury-Officials, Richard Gregg, Tim Geithner, Debt Limit, Debt Negotiations, Timothy Geithner, Mary Miller, Government Accountability Office, Business News

By Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan WASHINGTON (Reuters) - A small team of U.S. Treasury officials is discussing opti...

Read Whole Story

Washington Post: Geithner Has Found His Footing

The Washington Post | Zachary A. Goldfarb | Posted 08.08.2011

Read More: 111th Congress, 2008 Financial Crisis, Treasury Department, Hank Paulson, 112th Congress, Federal Reserve, Timothy Geithner, Ben Bernanke, Barack Obama, New York Federal Reserve Bank, Business News

During the dark days that began Timothy F. Geithner’s tenure as Treasury secretary, he was constantly under fire, accused of bailing out Wall Street...

Read Whole Story

Disclosure Of Secret Fed Lending Raises Eyebrows

HuffingtonPost.com | William Alden | Posted 07.26.2011

Read More: Goldman Sachs, Credit Suisse, Economic Crisis, Business News, Federal Reserve, Financial Crisis, Fed-Emergency-Lending-Program, Ben Bernanke, Christopher Whalen, New York Federal Reserve Bank, Royal Bank of Scotland, Business News

In the midst of the global financial crisis in 2008, the Federal Reserve lent Goldman Sachs, Credit Suisse and Royal Bank of Scotland at least $30 bil...

Read Whole Story

My Response to the Fed's IG

Robert Auerbach | Posted 07.23.2011

Read More: Banc Nazionale Del Lavora, Girard Trust Company, Christopher Drogoul, William Miller, Henry B. Gonzalez, Milton Friedman, Ronald Reagan, University of Chicago, Ron Paul, Roosevelt University, National Archives and Records Administration, Peter Mantius, Lyndon Baines Johnson School of Public Affairs, The Atlanta Journal and Constitution, Arthur Burns, Watergate Burglars, Henry Reuss, Paul Volcker, Donald Kohn, University of Texas at Austin, New York Federal Reserve Bank, Chairman Ben Bernanke, Federal Reserve Office of Inspector General Senior Attorney Jina Hwang, Bob Woodward, University of California, Saddam Hussein, Riverside, Washington Post, Alan Greenspan, Abba Lerner, Mary Gordon, Philadelphia Federal Reserve Bank, Politics News

Robert Auerbach's response to the Federal Reserve's IG request.

Read Post

Tim Geithner's Gamble

Project Syndicate | Simon Johnson | Posted 05.25.2011

Read More: JP Morgan Chase, James Kwak, Treasury Department, Timothy Geithner Treasury Secretary, Dodd-Frank, International Monetary Fund, Financial Derivatives, Too Big to Fail Banks, Too Big to Fail, Ireland, Basel III, Jamie Dimon, U.S. Treasury Secretary, U.S. Treasury Department, 13 Bankers, Iceland, Financial Stability Oversight Council, Swiss National Bank, New York Federal Reserve Bank, Dodd-Frank Bill, Ubs, Switzerland, Tim Geithner Treasury Secretary, Credit Suisse, Tim Geithner, Timothy Geithner, Mit-Sloan, Imf, Peterson Institute for International Economics, Simon Johnson, Financial Deregulation, Financial Regulation, Financial Reform, Business News

LOS ANGELES -- In a recent interview, United States Treasury Secretary Tim Geithner laid out his view of the nature of world economic growth and the r...

Read Whole Story

Where Are the Cops on Wall Street?

Jeff Connaughton | Posted 05.25.2011

Read More: Federal Reserve, Wall Street Crisis, Financial Meltdown, Wall Street, Fed, New York Federal Reserve Bank, Financial Crisis, Business News

Wall Street should recognize it is in its long-term interests to work with government to curb Wall Street excesses. The actions of a few bad apples -- if they go unpunished -- can put in peril confidence in the entire system.

Read Post

Will Taxpayers Turn A Profit On The AIG Bailout? Not So Fast

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Andrew Ross Sorkin, Tarp, Aig, Treasury Department, American International Group, Felix Salmon, New York Federal Reserve Bank, Business News

As AIG and the government hammered out a plan last week to repay taxpayers for the bailout worth up to $182.3 billion, the U.S. Treasury reckoned the ...

Read Whole Story

Goldman's CDOs Had Nothing to Do With the Real Estate Bubble

David Fiderer | Posted 05.25.2011

Read More: Fabrice Tourre, Cdos, Goldman Sachs Abacus, Goldman Sachs, Subprime Mortgages, Financial Reform, Financial Crisis, Real Estate Bubble, Credit Default Swaps, New York Federal Reserve Bank, Business News

If Goldman Sachs wanted to reduce its exposure to subprime mortgage investments, why didn't it simply sell the assets it owned?

Read Post

Economics College Courses Makes You More Republican

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011

Read More: College Majors, Economics, College, New York Federal Reserve Bank, Voting, Video, Business News

Taking an economics course in college may have swayed your political leanings, according to a new study by the Federal Reserve's Bank Of New York. In ...

Read Whole Story

Good, Bad and Ugly in Financial Reform

Kathryn Wylde | Posted 05.25.2011

Read More: Kathy Wylde, Competitiveness, New York Economy, Derivatives, Senate Banking Committee, Regulatory Reform, Credit Rating Agencies, Resolution Authority, Chris Dodd, Volcker Rule, New York, New York Federal Reserve Bank, New York News

With health care out of the way, regulation of the financial industry tops the reform agenda in Washington. New York has a lot on the line.

Read Post

Goldman Sachs, JPMorgan Chase Shareholders Still Waiting To Cash In

Yahoo! Finance | Posted 05.25.2011

Read More: Bank Regulation, Goldman Sachs, JP Morgan, Federal Bank Regulators, Bank Capital, New York Federal Reserve Bank, Business News

Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid politi...

Read Whole Story

AIG, Goldman Sachs Bailout: 'Secret Document' Reveals Goldman's Toxic Derivatives

bloomberg.com | Richard Teitelbaum | Posted 05.25.2011

Read More: Goldman Sachs, Aig Goldman Sachs, Darrell Issa, Tim Geithner, Societe Generale, House Committee on Oversight and Government Reform, AIG Bailout, Aig, American International Group, Bloomberg Markets, New York Federal Reserve Bank, Business News

Bloomberg Markets reports in its April issue. Representative Darrell Issa, the ranking Republican on the House Committee on Oversight and Government R...

Read Whole Story

AIG Bailout: Issa Demands Fed Turn Over All AIG Documents

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Federal Reserve, Fed, Issa, Darrell Issa, Ben Bernanke, Timothy Geithner, Wall Street Bailout, Aig Counterparties, AIG Bailout, Taxpayer Bailout, Aig, New York Federal Reserve Bank, Bailout, New York Fed, Video, Business News

A leading House Republican called for Federal Reserve Chairman Ben Bernanke to release more documents related to the 2008 bailout of troubled insurer ...

Read Whole Story

Has the New York Fed Been Serving the Public Trust? Has Geithner?

Joshua Rosner | Posted 05.25.2011

Read More: Geithner, Timothy Geithner Treasury Secretary, Timothy Geithner, New York Fed, New York Federal Reserve Bank, Politics News

If being a public servant is funneling unreasonable amounts of taxpayer capital, without market discipline, to the largest and most poorly managed banks, then Geithner's selection as Secretary of Treasury makes sense.

Read Post

Sham Transactions That Led to AIG's Downfall: The Ugly Truth Was Hiding In Plain Sight

David Fiderer | Posted 05.25.2011

Read More: Deutsche Bank, Goldman Sachs, Credit Ratings, Cdos, AIG Credit Default Swaps, Aig, Credit Rating Agencies, Federal Reserve, Credit Default Swaps, Maiden Lane III, New York Federal Reserve Bank, Business News

If you want to understand the deals that wiped out AIG, the best place to start is the website of the New York Fed.

Read Post

Doubts at Fed Over A.I.G.'s $30 Billion Payout Two Fed Governors

nytimes.com | GRETCHEN MORGENSON and LOUISE STORY | Posted 05.25.2011

Read More: Goldman Sachs, Societe Generale, AIG Bailout, Henry Paulson, Aig, Timothy Geithner, Ben Bernanke, American International Group, Goldman Sachs Aig, NY Fed, New York Federal Reserve Bank, Business News

Weeks after rescuing the American International Group with an $85 billion taxpayer loan in late 2008, Federal Reserve Board officials rejected a propo...

Read Whole Story

Goldman Sachs Approached AIG To Scrap Contracts Months Before Being Paid In Full By NY Fed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

This post has been updated with a quote from a senior Obama administration official. Goldman Sachs approached AIG and expressed its willingness to ca...

Read Whole Story