Skip to content

Tag Archives: Federal Reserve

This is real leadership – Liz Warren for consumer financial protection head

The primary lubricant of the financial system is confidence… Restoring American’s belief in the financial and banking system will require years. Americans must believe that the credit, investing and savings products offered to them represent fair dealing. Elizabeth Warren is the best person to lead the new consumer financial protection agency. I hope that President […]

The Wall Street Reform Bill: Conference Update

A summary of where we are in the legislative reform process of the financial system. [BTW: follow me on Twitter  — cate_long — tweeting on the conference process) From an email announcement from the House Financial Services Committee: The Wall Street Reform Bill: Conference Update Washington –Last week was a successful week for the House […]

In response to Ben Bernanke’s claim of Fed independence

Federal Reserve Chairman Ben Bernanke gave a speech at the Bank of Japan on the importance of central bank independence and transparency… Chairman Bernanke espoused a lot of platitudes… but the reality of the Fed’s actions is their deep entanglement with the administration, Congress and Wall Street… I think we will be hearing more speeches […]

Kite flying

From FT Alphaville some comments from Tullett Prebon economist Lena Komileva on the similarities and differences between the growing Euro sovereign contengion and Lehman’s collapse… Basically she’s saying it’s an order of magnitude bigger this time… or maybe two orders of magnitude… ~~~ “…The current episode of the global crisis is similar to the crisis mechanism […]

The continuing expansion of the Federal Reserve’s scope

From Washington’s Blog: ~~~ “On Tuesday, I wrote: The Fed argues that an audit would interfere with its monetary policy decisions. [But] decisions about what toxic assets should be accepted by the Fed as collateral, how such assets should be valued, and who bailout funds should be given to are wholly separate from the Fed’s core monetary […]

AUDIT THE FED

President Obama should do Americans a favor and get behind the AUDIT THE FED amendment rather than fighting it. His actions in this matter subvert every campaign promise he made about accountability and transparency. When Congress passes the Sanders “AUDIT THE FED” amendment today important information will be audited by the Government Accountability Office such […]

6 things worth fighting for in the Senate bill

Excellent table via Rortybomb… although it’s actually 7 or 8 things worth fighting for in the Senate financial reform bill… Mr. Rortybomb misses a big one related to legislation on the Federal Reserve… Ryan Grim of HuffPo writes about it the grant of $4 trillion of lending authority to the Federal Reserve with no Congressional […]

Is the next global crisis beginning?

It’s very helpful to see this chart. Data points like this show the extra risk that investors believe Greek debt represents. In September, 2008 when Lehman failed the global credit markets froze. Note how that impacted the the risk premium for Greek debt. FT Alphaville pointed to comments made by the Bank of France governor, […]

Ratigan calls the Federal Reserve a “con job”

Visit msnbc.com for breaking news, world news, and news about the economy

Bubble watching and bank supervision

Shahien Nasiripour of Huffington Post wrote a great story today about new language spotted in the FOMC meeting statement… and the pointed use of that language to send a message to the lawmakers who are deciding the new scope of the Fed’s authority… The Federal Reserve is arguing that it must maintain supervisory authority over […]