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New York Federal Reserve Bank

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

The Huffington Post | Bonnie Kavoussi | Posted 02.10.2012 | Business

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...

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

Raymond J. Learsy | Posted 02.15.2012 | Business
Raymond J. Learsy

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.

The $40 Billion Iraqi Money Trail

CNBC | Eamon Javers | Posted 12.25.2011 | World

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 ...

William Alden

New York Federal Reserve Director Provokes Accusations Of Conflict Of Interest

HuffingtonPost.com | William Alden | Posted 10.24.2011 | Business

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...

Treasury Officials Weighing Options To Avoid Default

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

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

Washington Post: Geithner Has Found His Footing

The Washington Post | Zachary A. Goldfarb | Posted 08.08.2011 | Business

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...

William Alden

Disclosure Of Secret Fed Lending Raises Eyebrows

HuffingtonPost.com | William Alden | Posted 07.26.2011 | Business

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...

My Response to the Fed's IG

Robert Auerbach | Posted 07.23.2011 | Politics
Robert Auerbach

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

Tim Geithner's Gamble

Project Syndicate | Simon Johnson | Posted 05.25.2011 | Business

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...

Where Are the Cops on Wall Street?

Jeff Connaughton | Posted 05.25.2011 | Business
Jeff Connaughton

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.

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

The Huffington Post | William Alden | Posted 05.25.2011 | Business

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 ...

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

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

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

Economics College Courses Makes You More Republican

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

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 ...

Good, Bad and Ugly in Financial Reform

Kathryn Wylde | Posted 05.25.2011 | New York
Kathryn Wylde

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.

Goldman Sachs, JPMorgan Chase Shareholders Still Waiting To Cash In

Yahoo! Finance | Posted 05.25.2011 | Business

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...

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

bloomberg.com | Richard Teitelbaum | Posted 05.25.2011 | Business

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

Shahien Nasiripour

AIG Bailout: Issa Demands Fed Turn Over All AIG Documents

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

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

Joshua Rosner | Posted 05.25.2011 | Politics
Joshua Rosner

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.

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

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

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

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 | Business

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

An Open Letter to the President: It's Time for Change, Not Spending Freezes

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

It's time to be bold, Mr. President. Where is that audacity of hope? It's time to introduce a bold jobs-creation bill, and to replace your Wall Street-stained economic team members.

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Darrell Issa: AIG Documents Must Be Turned Over By NY Fed

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The top Republican on a House committee investigating financial bailout decisions says the Federal Reserve Bank of New York is with...

Shahien Nasiripour

Fed's AIG Bailout: Bernanke Requests A 'Full Review' From Government Watchdog

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke took the unusual step Tuesday of asking Congress's investigative arm to conduct a "full review" of the Fed's rol...

After Helping Gordon Gekko Evade the SEC, Will Geithner Finally Now Be Fired?

David Sirota | Posted 05.25.2011 | Politics
David Sirota

It's appalling to learn that one government agency was actively encouraging a private corporation to withhold information from another government agency.