The Federal Reserve’s Increased Efforts to Hide Bailout Records
On Friday, Federal Reserve chairman Ben Bernanke gave a speech claiming that the economy is finally headed on the right track. He stated at the Federal Reserve Bank of…
Government Promises: Not Worth the Paper They’re Printed On
Back in June, the Washington Times reported on what seemed then to be a straightforward exchange between Rep. Paul Ryan (R-WI) and Federal Reserve Chairman Ben Bernanke: “The Treasury…
A Save Face Testimony?
As lawmakers continue to question all involved in the 2008 deal that brought securities firm Merrill Lynch under the command of Bank of America Corp., questions arise as to the…
National Debt Threatens U.S. Credit Rating
Stanford economics professor and creator of the Taylor Rule, John Taylor, had an interesting article in the Financial Times on Tuesday.
Fed Open to Spending Even More
Beyond the $1.75 trillion in mortgage related assets and treasury securities the Federal Reserve already has committed to buying, the board said in its April meeting that it was not…
Fed Losing $9.6 Billion in AIG, Bear Stearns
As of Dec. 31, the Federal Reserve faces $9.6 billion in unrealized losses on $74 billion in assets from Bear Stearns and AIG. An…
Private Fiat Working in USA
Across the country in various towns, people are printing private currencies backed by American dollars. USA Today reports that there are at least five different private currencies circulating…
The Flawed Public-Private Partnership Plan
The Treasury released their plan on Monday to clean banks’ balance sheets. A five page document distributed by the Treasury offers some limited details. It looks like…
Ron Paul on Reinflating the Bubble
Ron Paul explains to Congress that we can't re-inflate the housing bubble.
Ron Paul, Bill to Audit the Fed
Ron Paul has introduced H.R.1207: Federal Reserve Transparency Act of 2009 to Congress and it’s been referred to the House Committee on Financial Services. …