We’re the fish.The giant “too big to fail” banks are the bird. They’ve got their talons in the American consumer and the economy.The only way out for us – the fish – is if someone “shoots” the bird … or at least captures it and removes its talons …
Posts Tagged ‘Congressman Grayson’
Volcker: “The Financial System is Broken” and “the Mortgage Market Has Become a Subsidiary of the U.S. Government”
October 1st, 2010 |
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Paul Volcker spoke at the Chicago Federal Reserve Bank on September 23rd, as part of a symposium co-sponsored by the IMF.He said:The financial system is broken. We can use that term in late 2008, and I think it’s fair to still use the term unfortuna…
Will Americans Pay to Bailout Yet Another Foreign Bank … in Afghanistan?
September 4th, 2010 |
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As I have repeatedly pointed out, American taxpayers have been bailing out foreign banks for years.For example, I noted in May:As the Wall Street Journal points out, the Federal Reserve might open up its “swap lines” again to bail out the Europeans:The…
Americans Have Been Bailing Out Foreign Banks for Years … And We’re Getting Ready To Do It Again
May 9th, 2010 |
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As the Wall Street Journal points out, the Federal Reserve might open up its “swap lines” again to bail out the Europeans:The Fed is considering whether to reopen a lending program put in place during the financial crisis in which it shipped dollars ov…
Congressman Grayson Now Backs Sanders Amendment
May 7th, 2010 |
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Congressman Grayson’s office sent me the following announcement:Rep. Alan Grayson Applauds Upcoming Partial Victory in Senate “There is deep bipartisan support for a full audit of the Federal Reserve, in both the House and the Senate. The Sanders …
Congressman Grayson Demands Release of AIG Emails
March 19th, 2010 |
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Congressman Grayson sent the following letter to AIG’s trustee:
March 18, 2010 AIG Credit Facility Trust Trustee Peter A. Langerman Trustee Chester B. Feldberg Trustee Jill M. Considine Arnold & Porter LLP 399 Park Avenue
New York, N…
House Passes Bill to Audit the Fed
December 11th, 2009 |
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I have just received confirmation from a very credible Congressional source that the bill to audit the Federal Reserve is included in the House financial reform legislation which passed today. My source says:The Fed audit provision which passed the Fi…
House Financial Services Committee APPROVES Bill to Audit the Fed (Rejecting Watt’s Fake Alternate) and Votes to Rein In Foreign Currency Swaps
November 20th, 2009 |
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Congressman Watt tried to de-rail the bill to audit the Federal Reserve (H.R. 1207) with a fake alternate bill. See this, this, this and this.Fortunately, the House Financial Services Committee approved H.R. 1207 by 43-26, and rejected Watt’s bill.In a…
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.