Tag Archives: Federal Reserve Bank

How Central Banks Rule the World

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The Fed and Its Friends

A new book by Neil Barofsky, former Inspector General of the TARP program criticizes President Obama, Treasury Secretary Tim Geithner, and federal regulators for working in the interests of Wall Street at the expense of distressed homeowners and the public. … Continue reading

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The Fed’s Unprecedented Generosity

Here is what the Federal Reserve didn’t want you to know: They helped large banks and other corporations out of a terrible jam. Sounds like a nice thing to do. Why wouldn’t they want us to know that? Thanks to … Continue reading

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The Death of Mark Pittman

Mark Pittman, one of the Bloomberg reporters mentioned in my August 5 post, The Death of Capitalism, was an award-winning finance journalist who predicted the collapse of the banking system in 2007, and in conjunction with Bloomberg News, became the … Continue reading

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The Death of Capitalism?

Are we watching the death throes of Capitalism? Communism collapsed in 1991 with the fall of the Soviet Union. Capitalism was right there to scoop up what was left and move in. Capitalism went on a rampage for many years … Continue reading

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