As Yves Smith notes:As we have written, and as experts and foreclosure defense lawyers have reported in Congressional testimony, and as pending lawsuits by attorneys general in Arizona and Nevada allege, servicer abuses are a significant cause of for…
Posts Tagged ‘Chairman Bernanke’
Congressman Miller Joins Economists and Financial Experts In Demanding a Stop to Mortgage Servicer Fraud — a Significant Cause of Foreclosures
December 22nd, 2010 |
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SGX may be good bet on Fed liquidity – Kim Eng
October 19th, 2010 |
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Kim Eng says curious side-effect of Fed Chairman Bernanke’s strategy of aggressive monetary easing, aimed at stimulating U.S. economy into action, avoiding deflation, is that “a huge amount of excess liquidity is flowing into emerging markets, where investors see better growth opportunities and potential currency appreciation.”
Bernanke: Pay No Attention to that Man Behind the Curtain
February 26th, 2010 |
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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…
Professor Auerbach Provides More Evidence of Fed’s Coverup Regarding Watergate and Iraq
February 26th, 2010 |
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Professor Robert Auerbach was kind enough to send me an email to let me know that Ron Paul read the following letter written by Auerbach into the Congressional record today: I would like to enter into the record…
The Fed’s “Independence” Argument Is False
December 14th, 2009 |
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The House has passed a bill to audit the Federal Reserve. 79% of the American people support a full audit.In response, the Fed says that an audit would interfere with its “independence”. However, the Constitution does not empower a central bank. And C…
Congressmen Grayson and Paul Ask Senate Banking to Delay Confirmation of Bernanke Until Fed Releases Information on Secret Bailouts
October 8th, 2009 |
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Below is letter text, and attached is the letter that was faxed to every member of the Senate Banking Committee. 10/07/09 Chairman Chris DoddU.S. Senate Committee on Banking, Housing, and Urban Affairs534 Dirksen Senate Office BuildingWas…
William K. Black’s Proposal for “Systemically Dangerous Institutionsâ€
September 23rd, 2009 |
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William K. Black, Associate Professor of Economics and Law at the University of Missouri – Kansas City, and the former head S&L regulator, has written the following fantastic new proposal concerning the giant, insolvent banks. Posted/reprinted w…
Congressman Grayson: Fed Secretly “Stuffed” $500 Billion into “Foreign Private Pockets” and Gave $230 Billion to Citi “As a Secret Bailout”
September 16th, 2009 |
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Congressman Alan Grayson gave an interview to Wall Street Cheat Sheet’s Damien Hoffman, which includes the following bombshells:H.R. 1207 is one of the simplest bills imaginable. Unlike the healthcare bill which is over 1000 pages, H.R. 1207 is a page …
The Truth About Unemployment
August 11th, 2009 |
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The mainstream news is citing the decline in unemployment from 9.5% to 9.4% in July as proof that the economy is stabilizing.But is that true?Distortions in the NumbersWell, as the New York Times pointed out in July: Include [those who have given up lo…
Goldman Sachs: Gambling With Your Money?
July 27th, 2009 |
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Goldman Sachs is using its new taxpayer-subsidized status to bring increased risk to the financial system, a group of House members charged Monday. They want to know why the Federal Reserve is allowing it.
The group on Monday sent a letter t…
Sheldon Filger: Bernanke to Congress: I Don’t Know to Whom We Gave Half a Trillion Dollars
July 23rd, 2009 |
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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.