In July 2009, ten Congress members sent Fed Chairman Bernanke the following letter because they were worried that Goldman “is not changing its business model” but is instead “using its regulatory freedom to evade capital requirements and take out...
Are the American people finally starting to stand up to Wall Street?Shareholder RevoltSome of Goldman Sach's biggest shareholders are demanding that executive compensation be reduced. As the Wall Street Journal notes:Their complaints in private conver...
Emailed to me by a contact in Congress. November 18, 2009 ...
A number of unions and consumer groups have signed a letter endorsing Ron Paul and Alan Grayson's call to audit the Federal Reserve.Here's their letter:House Financial Services Committee2129 Rayburn House Office BuildingWashington, D.C. 20515November 1...
Congressmen Grayson, Clay and Miller are introducing an amendment to the Consumer Financial Protection Agency bill: Today we will offer the “Financial Autopsy” amendment. The Grayson/Clay/Miller amendment is essential to attacking the root problem ...
Watch Alan Grayson question the general counsel for the Federal Reserve:
The Wall Street Journal reports:Executives at the New York company plan to narrow the focus of Citigroup's U.S. branch network to six major metropolitan areas, according to people familiar with the situation. Citigroup also will limit its overall consu...
The Fed and its chairman have made many errors in judgment, not the least their overly-optimistic pronouncements when the first tremors from the sub-prime meltdown arose.
Now that bailed-out banks are reporting record-breaking profits, the U.S. taxpayer, who bought into these institutions at bottom-barrel prices, could wind up on the winning end of a nice profit. That's what happens, after all, when you buy low...