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The Fed

White House Looking To Cut Deficit With Extra TARP Cash

wsj.com | By DEBORAH SOLOMON and JONATHAN WEISMAN | Posted 11.12.2009 | Politics

Read More: Taxes, Recovery, House, Bush, Federal Deficit, Afghanistan, Economy, Deficit Reduction, Budget Deficit, Tax Breaks, Troubled Asset Relief Program, Recession, Deficit, Politics, Bailout, Spending Cuts, Spending, Tim Geithner, Iraq War, Tax Cuts, The Fed, Treasury, Hank Paulson, Ben Bernanke, Senate, Tarp, Tax Increases, Politics News

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...

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Wall Street's Record Bonuses Return: Analysts Predict $30 Billion In Bonuses At Big 3

Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business

Read More: Tarp, Income Gap, White House, Executive Pay, Income Inequality, Economy, Obama, Capitalism, The Fed, Recession, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Unemployment, Bailout, Tim Geithner, 2009 Bonuses, Treasury, Banks, Bonuses, Kenneth Feinberg, Ken Feinberg, Wall Street Bonuses, Business News

Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...

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Big Pharma's Crime Spree: Drug Makers Pushing Products For Unapproved Uses

Bloomberg | David Evans | Posted 11.09.2009 | Business

Read More: Big Pharma, Alzheimer's Disease, Unapproved Uses, Doj, Drug Marketers, Criminal Lawsuit, Eli Lilly, Regulation, Fda, The Fed, Lawsuit, Pharma, Nimh, Jama, Department of Justice, Kickbacks, Federal Reserve, Fed, Bristol-Myers Squibb, Warner Lambert, Marketing, Warner-Lambert, Neurontin, Thalidomide, Depression, Bankruptcy, Off-Label Promotion, Zyprexa, Bextra, Suicide, Lilly Pfizer, Pharmacia and Upjohn, Felonies, Pharmacia & Upjohn, Bristol Myers Squibb, Morning Sickness, Drug Regulation, Profits, Health, Drug Sales, Corporate Greed, Atom Strategic Consulting, Birth Defects, Zyvox, Business News

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...

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Economic Crisis Compels Economists To Reach For New Paradigm

Wall Street Journal | MARK WHITEHOUSE | Posted 11.02.2009 | Business

Read More: Economy, Policy, The Fed, Recession, Ben Bernanke, Collateral, University, Mortgage, Credit, Economic Policy, Lenders, Finance, College, Rational Expectations, Bernanke, Crisis, Economists, Banks, Academics, Theory, Colleges, Economic Theory, Universities, Business News

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...

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Barack Obama Is Doing My Job; Why America Needs Him to Do His

Arianna Huffington | Posted 10.28.2009 | Business

Read More: Goldman Sachs, Fdic, Executive Pay, President Obama, Barack Obama Financial Crisis, TARP Money, Ben Bernanke, Obama Financial Reform, Big Banks, The Fed, Financial Regulation, Business News
Arianna Huffington

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.

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Wall Street Follies: The Next Act

New York Times | GRETCHEN MORGENSON | Posted 10.25.2009 | Politics

Read More: House Financial Services Committee, Bailout, House Agriculture Committee, Obama Adminstration, Financial Reforms, Federal Reserve, Wall Street, Ag Committee, Derivatives, Economy, Financial Reform, Obama, Reform, The Fed, Consumer Protection Bill, White House, Financial Services Committee, Glass-Steagall, Politics News

It certainly sounded good. Hoping, perhaps, to persuade a dubious public that curbing reckless business practices is indeed a Washington priority, t...

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The "End The Fed" Rap Song By Sleuth (VIDEO)

Posted 10.12.2009 | Business

Read More: Federal Reserve, End the Fed, Ben Bernanke, Sleuth, The Fed, Ron Paul, End the Fed Rap Song, End the Fed Video, Business News

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 ...

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The Statistics Of The Great Recession

AP | TIM PARADIS | Posted 10.10.2009 | Business

Read More: Treasury Department, Economy, Home Sales, Recession, Debt, Personal Savings Rate, The Fed, Unemployment Rate, Barack Obama, Numbers, Statistics, Stock Gains, Stock Losses, Dow Jones Industrial Average, Peronal Debt, Ben Bernanke, Timothy Geithner, Business News

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...

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Roubini: How The Federal Reserve Should Withdraw The Stimulus

The Globe and Mail | Nouriel Roubini | Posted 09.18.2009 | Business

Read More: Nouriel Roubini, Inflation, Fiscal Stimulus, Federal Reserve, The Fed, Stimulus, Roubini Dr Doom, Business News

There's a general consensus that the massive monetary easing, fiscal stimulus and support of the financial system undertaken by governments and centra...

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Who's Regulating The Regulators?

New York Times | GRETCHEN MORGENSON | Posted 11.13.2009 | Business

Read More: Regulators, Sec, Wall Street, Washington D.C., Larry Summers, The Fed, Timothy Geithtner, Ben Bernanke, The Treasury, Regulation, Economy, Business News

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...

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Government Faces Tough Decisions About How To Stabilize Mortgage Market

washingtonpost.com | Zachary A. Goldfarb and Dina ElBoghdady | Posted 10.22.2009 | Business

Read More: Finance, Fha, Freddie Mac, Banks, Mortgages, The Fed, Fannie Mae, Federal Housing Authority, Lending, Housing Crisis, Economy, Refinancing, Business News

Only one lender of consequence remains: the federal government, which undertook one of its earliest and most dramatic rescues of the financial crisis ...

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Ben Bernanke -- Now and Forevermore

Michael Brenner | Posted 09.20.2009 | Business

Read More: Federal Reserve, Ben Bernanke, The Fed, Business News
Michael Brenner

With Ben Bernanke ensconced for another term, keep your hand on your wallet -- and whatever is still in it.

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A Recovery Foundation Built on Sand

Michael Pento | Posted 09.18.2009 | Business

Read More: Interest Rates, Paul Volker, The Fed, Recession, Ben Bernanke, Addiction & Recovery, Business News
Michael Pento

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.

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The Fed, Da! Retail Sales, Nyet! Which Way Is Up?

Fortune's Stanley Bing | Posted 09.13.2009 | Business

Read More: Recession, The Fed, Retail Sales, Optimism, Recovery, Business News
<i>Fortune</i>'s Stanley Bing

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.

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Three More: Now Half Of Bank Of America's Directors Have Quit

McClatchy | Christina Rexrode | Posted 09.01.2009 | Business

Read More: William Barnet, Economic Downturn, John Collins, Bank of America Corp., Bank of America, Econimic Crash, Ken Lewis, Goverment Regulators, The Fed, Stimulus, Gary Countryman, U.S. Economy, Recession, Business News

The shake-up in Bank of America Corp.'s boardroom, apparently orchestrated by the hand of government regulators, continued Friday evening, when the ba...

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Newsweek: The Recession Is Over! But Not for You

newsweek.com | Posted 08.25.2009 | Business

Read More: Unemployment Lines, Economic Recovery, The Federal Reserve, Unemployment, Economic Crisis, Economists, The Fed, Recession, Recession Over, Business News

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...

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The Fed Under Fire (VIDEO)

Harry Hanbury | Posted 08.10.2009 | Business

Read More: Kucinich, Bill Greider, Ron Paul, Barney Frank, Bernanke, Federal Reserve, Obama, Alan Grayson, Grayson, Bank of America, William Greider, Ken Lewis, Fed, Dennis Kucinich, Nancy Pelosi, The Fed, Ben Bernanke, Audit, Corruption, Grider, Business News
Harry Hanbury

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.

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Here Comes Hyperinflation

Henry Blodget | Posted 07.11.2009 | Business

Read More: Inflation, Economy, The Federal Reserve, Arthur Laffer, The Fed, Business News
Henry Blodget

Arthur Laffer joins the chorus of economists predicting that the Fed's massive stimulus will eventually lead to hyper-inflation. And I agree.

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Federal Stimulus Cash Flows Into City Coffers

New York Post | GEOFF EARLE | Posted 06.28.2009 | Local

Read More: City Projects, Federal Government, The Fed, New York City, Federal Reserve, New York, Stimulus Cash, Local News

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 ...

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Open Letter to Secretary of the Treasury Timothy F. Geithner

Michael de Portu | Posted 06.04.2009 | Business

Read More: Timothy Geithner, The Fed, Federal Reserve, Geithner, Business News
Michael de Portu

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.

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How Bernanke Has Reinvented The Federal Reserve

Washington Post | Neil Irwin | Posted 05.09.2009 | Business

Read More: Economic Crisis, Federal Reserve, Financial Crisis, The Fed, Ben Bernanke, Bernanke Revolution, Business News

This chairman set out to lead as a civil servant rather than a celebrity economist. Facing a thundering financial collapse, he has reinvented the Fede...

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Why Obama Was Smart to Come Out Strongly Against the AIG Bonuses

Mitchell Bard | Posted 04.16.2009 | Politics

Read More: Thomas Friedman, Aig Bonuses, This Week, President Obama, Aig, Democrats, The Fed, Bank Failure, Dick Gregory, Republicans Party of No, 60 Minutes, Financial Crisis, New York Times, Timothy Geithner, Ben Bernanke, Republicans, Economy, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, AIG., Politics News
Mitchell Bard

The Republicans were going to grab onto the populist anti-bank feelings in the country to position themselves as the party of the people, with the Democrats being cast as the party of the bankers.

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A Turning Point: But Where Are Our Legislators?

Saskia Sassen | Posted 12.26.2008 | Politics

Read More: Politics, Global Financial Crisis, Treasury Department, 700 Billion Dollar Bailout, Fed Accountability, Congressional Bailout, Bloomberg News Suing Fed, Bloomberg News, Bank Bailout, The Fed, Citigroup, Politics News
Saskia Sassen

The Fed has now committed to such a vast amount of debt in return for what are most probably dodgy securities, that is has become a source of national insecurity.

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The Education of Alan Greenspan

Donald Cohen | Posted 11.29.2008 | Business

Read More: Economy, Financial Crisis, Regulation, Alan Greenspan, Election 2008, Business, The Fed, Barack Obama, Business News
Donald Cohen

Progressives have plenty to do to undue the damage and fully untangle America from the sway of the free-market faithful.

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The Debt vs. Interest Rate Conundrum

Michael Pento | Posted 11.17.2008 | Business

Read More: 10 Trillion, Federal Funds Rate, Market Forces, Economy, Fixed Income Shock, Intra-Bank Lending, Consumer Spending, Fixed Income, Credit Crisis, The Fed, Print Money, Recession, National Debt, Bailout, Low Interest Rates, Inflation, Economic Meltdown, Treasury Issuance, Money Supply, Free Market, Interest Rates, Fixed Income Rates, Business News
Michael Pento

It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.

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