Why the "Audit the Fed" Movement Is Dead Wrong
If the proposals of the "audit the Fed" crowd" are implemented, the U.S. economy will be crippled to the point of economic deadlock.
If the proposals of the "audit the Fed" crowd" are implemented, the U.S. economy will be crippled to the point of economic deadlock.
Washington's Blog | Posted 12.03.2009 | Politics
The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment. Demand that the Committee ask the followi...
nytimes.com | EDMUND L. ANDREWS | Posted 11.26.2009 | Business
WASHINGTON -- The Federal Reserve, under attack in Congress for being too entwined with big banks, closed a loophole on Wednesday that allowed a direc...
AP | JEANNINE AVERSA | Posted 11.24.2009 | Business
WASHINGTON — The Federal Reserve doesn't expect the recovery will be strong enough to quickly drive down the jobless rate, and acknowledged its ...
New York Times | GRETCHEN MORGENSON | Posted 11.22.2009 | Business
A RAY of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, p...
wsj.com | By DEBORAH SOLOMON and JONATHAN WEISMAN | Posted 11.12.2009 | Politics
The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal r...
Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...
Bloomberg | David Evans | Posted 11.09.2009 | Business
Pfizer and Lilly lead a parade of U.S. companies that have paid $7 billion in penalties after promoting drugs for uses not approved by the FDA. This u...
Wall Street Journal | MARK WHITEHOUSE | Posted 11.02.2009 | Business
The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Gean...
Arianna Huffington | Posted 10.28.2009 | Business
When it comes to dealing with Wall Street, President Obama seems to have traded in his position as our economy's commander-in-chief for a different role: pundit-in-chief.
New York Times | GRETCHEN MORGENSON | Posted 10.25.2009 | Politics
It certainly sounded good. Hoping, perhaps, to persuade a dubious public that curbing reckless business practices is indeed a Washington priority, t...
Posted 10.12.2009 | Business
Ever heard the phrase "the medium is the message"? In the case of the rap in "End The Fed," the anti-Federal Reserve music video below, the medium is ...
AP | TIM PARADIS | Posted 10.10.2009 | Business
NEW YORK — A year ago this weekend, the Dow Jones industrial average had just finished a slow-motion crash. Over eight days, it fell 2,400 point...
The Globe and Mail | Nouriel Roubini | Posted 11.18.2009 | Business
There's a general consensus that the massive monetary easing, fiscal stimulus and support of the financial system undertaken by governments and centra...
New York Times | GRETCHEN MORGENSON | Posted 11.13.2009 | Business
Senior regulators who stood idly by for years as financial firms built their houses of cards have been rewarded with even bigger jobs or are jockeying...
washingtonpost.com | Zachary A. Goldfarb and Dina ElBoghdady | Posted 10.22.2009 | Business
Only one lender of consequence remains: the federal government, which undertook one of its earliest and most dramatic rescues of the financial crisis ...
Michael Brenner | Posted 09.20.2009 | Business
With Ben Bernanke ensconced for another term, keep your hand on your wallet -- and whatever is still in it.
Michael Pento | Posted 09.18.2009 | Business
The Fed's conundrum is this: Bernanke needs to defend the dollar and raise interest rates to provide for a viable and long-lasting recovery. But the short-term effect would be a devastating recession.
Fortune's Stanley Bing | Posted 09.13.2009 | Business
Economists, who are always cited but never quite right, it seems, expected a .1 percent gain in retail, excluding auto. Instead, the sector fell 6 percent. That qualifies as a surprise in any book.
McClatchy | Christina Rexrode | Posted 09.01.2009 | Business
The shake-up in Bank of America Corp.'s boardroom, apparently orchestrated by the hand of government regulators, continued Friday evening, when the ba...
newsweek.com | Posted 08.25.2009 | Business
Irrational exuberance, it's not. But even stagnation would be an improvement over recent history. The U.S. economy shrank at nearly a 6 percent annual...
Harry Hanbury | Posted 08.10.2009 | Business
As details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.
Henry Blodget | Posted 07.11.2009 | Business
Arthur Laffer joins the chorus of economists predicting that the Fed's massive stimulus will eventually lead to hyper-inflation. And I agree.
New York Post | GEOFF EARLE | Posted 06.28.2009 | Local
The feds are spending more than $1.3 billion of stimulus cash on city projects -- more than half of the $2.5 billion already flowing to the state, an ...
Michael de Portu | Posted 06.04.2009 | Business
Instead of soliciting Wall Street's views to inform your decisions, you might constitute your team of number crunchers, researchers and analysts to find out all the facts.
Hale "Bonddad" Stewart | Posted 12.11.2009 | Business