Tags: Barney Frank + Deficit + Economy + Federal Reserve + financial reform + Geithner + Ginnie Mae + Treasury
The House and Senate versions of the financial reform legislation is in the reconciliation process to merge the two bills into one. The Fed and their lobbyists have already won no matter what the final version becomes. The single onerous provision remaining is for the GAO to audit the Fed’s monetary policy decisions, but since [...]
June 11, 2010 - Economy, Politics - 0 Comments
Tags: Banks + Barney Frank + Chris Dodd + Economy + Federal Reserve + financial reform
It is well known that Congress is paid by lobbyist to change bills proposed that have adverse consequences to business. Both Senator Christopher Dodd, Chairman of the Senate Banking Committee his counterpart Barney Frank in the House have adamantly claimed that these contributions never change their votes. SB has previously opined on the truthfulness of [...]
May 17, 2010 - Politics - 0 Comments
Tags: Bailout + Barney Frank + Congress + Economy + FDIC + Federal Reserve + financial reform + Treasury
The verdict is in on the appeal of Bloomberg News Freedom of Information Act request for Federal Reserve documents related to bailing out of the banks and justice has prevailed. The Fed must finally disclose the amounts lent, and to whom. Soon the American tax payer will know which banks would have failed [...]
March 20, 2010 - Politics - 0 Comments
Tags: Bailout + Barney Frank + China + Congress + Economy + Federal Reserve + Geithner + Goldman + Paulson
Former Treasury Secretary Hank Paulson is spending an inordinate amount of time defending his actions and honor. Using the tools he honed to climb to the top of Goldman Sachs he side-steps his faults and steers conversations to other places. At the Community of Conerned Journalists in New York yesterday (Economist Magazine Report) Mr. Paulson [...]
March 3, 2010 - Politics - 0 Comments
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