John Bougearel
So, it would appear that these hearings on Geithner’s role in the AIG bailout and tampering of disclosure documents is being used to craft a message to the public that it was only through the heroic actions of our policymakers at the height of the crisis that we are still here today.
Kanjorski closed his [...]
Entries Tagged as 'Federal Reserve'
Paul Kanjorski claims “we would not be sitting here today” if we didn’t save the economy from “total annihilation and disaster”
January 27th, 2010 · No Comments
Tags: AIG · Federal Reserve · Geithner
Jim Bianco ponders Bernanke’s reappointment and concludes Senators are not scared enough not to vote NO
January 25th, 2010 · No Comments
John Bougearel
Under normal considerations, this week the market would simply focus on the FOMC statement and adv-GDP. But this week is far from normal. The Geithner hearings on Jan 27 should be the backdrop to the Bernanke reappointment which will take front and center stage.
A cloture vote to [...]
Tags: Federal Reserve · bernanke
Bernanke Denies Fed Role in Housing Boom, Projects Blame onto Regulation
January 3rd, 2010 · No Comments
From Bloomberg,
“The best response to the housing bubble would have been regulatory, rather than monetary,” Bernanke said today in remarks to the American Economic Association’s annual meeting in Atlanta. The Fed’s efforts to constrain the bubble were “too late or were insufficient,” which means that regulatory actions “must be better and smarter,” he said.
Bernanke said [...]
Tags: Federal Reserve · bernanke
Louis McFadden’s Take on the Fed ahead of Bernanke’s Senate hearings
November 30th, 2009 · No Comments
Some food for thought following the Federal Reserve’s handling of events leading up to the 2008-09 Financial Crisis and its aftermath: Why have American lawmakers and policymakers never taken Louis McFadden’s rebuke of the Fed in 1932 to heart? The corrupt Fed of 2008-09 is indistinguishable from the 1932 Fed that Louis McFadden describes [...]
Tags: Chris Whalen · Federal Reserve · fed



