Here Comes Trouble: Stories from My Life

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Articles tagged with: “Federal Reserve”

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September 2nd, 2010

Warren fuels speculation by dropping class

When fall classes began Wednesday at Harvard Law School, Elizabeth Warren was scheduled to be teaching contract law to first-year students. But something happened on the way to the chalkboard."I'm writing to let you know that Professor Jerry Frug will be teaching your Contracts class this term instead of Professor ... continue reading

August 26th, 2010

Pressure mounts for 'Sheriff' Elizabeth Warren

WASHINGTON -- Pressure continues to mount on President Obama to select Elizabeth Warren as the nation's first consumer financial protection regulator.Warren, 61, has become something of a cause célèbre as the administration's top pick to run the new agency charged with protecting consumers from abusive mortgage and credit card practices. ... continue reading

Cindy Sheehan

Gold Star Mom, Activist

July 20th, 2010

The Casey Sheehan "End to War" Bill

My son, Casey, joined the military in 2000, shortly before his 21st birthday, to help pay for college. He had already completed everything he could take at the local JC and was eager to move on—but he had a fulltime job, and even though we (his dad and I) helped ... continue reading

July 15th, 2010

Congress approves sweeping Wall Street reforms

WASHINGTON – Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.A year in the making and 22 months after ... continue reading

Dean Baker

Co-Director, CEPR

May 27th, 2010

The Cult of Subprime Central Bankers

The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the ... continue reading

May 6th, 2010

Sanders: White House Lobbies Against Amendment to Audit Fed with “Bogus” Arguments

White House chief of staff Rahm Emanuel called Sen. Bernie Sanders, Independent of Vermont, to explain to him that the White House officials oppose Sanders’ amendment to allow an audit of the Federal Reserve because their economic advisers believe it “would get Congress involved in the day-to-day affairs of Fed ... continue reading

May 5th, 2010

Grayson: Geithner doesn't want Fed audit for personal reasons

Rep. Alan Grayson (D-Fla.) suggested Friday that Treasury Secretary Tim Geithner opposes an audit of the Federal Reserve bank because he would be personally damaged by a probe. Grayson -- who co-sponsored an amendment to the House's financial reform bill to force a full audit of the central bank -- ... continue reading

May 5th, 2010

Effort to expand audits of Fed picks up steam in Senate

A contentious effort to expand audits of the Federal Reserve that sailed through the House despite heavy criticism appears to be picking up steam as the Senate considers broad new financial regulations. Sen. Bernard Sanders (I-Vt.) is pushing an amendment to the financial overhaul bill before the Senate that would ... continue reading

Dean Baker

Co-Director, CEPR

May 3rd, 2010

Audit the Fed: What Did They Do With Our Money?

We're entering the final innings of the debate over financial reform. There are many important issues still up in the air including whether the law will do anything to break up the big banks and prevent them from engaging in risky trading. Remarkably, the place where the Obama administration has ... continue reading

Aaron Bartley

Aaron Bartley is Executive Director of People United for Sustainable Housing (PUSH).

April 28th, 2010

PUSH Buffalo Joins the Showdown on Wall Street

In the nearly two years since the biggest banks precipitated a devastating economic meltdown and then exploited the moment to win billions in taxpayer bailouts and billions more in free money from the Federal Reserve, not a single public demonstration of significance has darkened the doors of the Wall Street ... continue reading

April 27th, 2010

Democrats push bank controls; GOP delays action

WASHINGTON – Undaunted by a Senate setback, Democrats appeared increasingly confident Monday they will be able to take advantage of Americans' anger at Wall Street and push through the most sweeping new controls on financial institutions since the Great Depression.The Senate, in a 57-41 vote, failed to get the 60 ... continue reading

April 20th, 2010

Transcript & Video: Bill Black Testimony on Lehman Bankruptcy

Bill Black scorched everyone with his testimony on the failure of Lehman Brothers before the House Financial Services Committee today. His prepared remarks can be found here (PDF).CHAIRMAN KANJORSKI: And now we’ll hear from Mr. William K. Black, Associate Professor of Economics and Law, the University of Missouri, Kansas City ... continue reading

April 20th, 2010

Top Republican asserts feds 'looked the other way' from financial fraud

Federal regulators "looked the other way" while Wall Street firms engaged in dubious practices that led to securities charges against Goldman Sachs, the senior House Republican on financial issues said Tuesday. Rep. Spencer Bachus (Ala.), the top Republican on the House Financial Services Committee, also suggested there was a certain ... continue reading

April 13th, 2010

Grayson has another huge fundraising quarter

U.S. Rep. Alan Grayson continues to convert his fiery partisan rhetoric and populist political stands into big campaign dollars. The often-polarizing Orlando Democrat expects to report raising $803,000 in the first three months of 2010, a haul that will likely eclipse what all his Republican opponents have raised combined and ... continue reading

April 2nd, 2010

Top Fed Official Wants To Break Up Megabanks, Stop The Fed From Guaranteeing Wall Street's Profits

The U.S. should bust up its megabanks and impose strict laws curbing the size and complexity of financial institutions, a top Federal Reserve official told the Huffington Post.In a 45-minute interview this week, Federal Reserve Bank of Kansas City President Thomas M. Hoenig, who's emerged as one of the few ... continue reading

March 26th, 2010

Larry Summers May Be Leaving Obama Administration

The conventional wisdom in Washington and on Wall Street has been that Treasury Secretary Tim Geithner -- the target of populist outrage over Wall Street bailouts and high unemployment -- would be the first to leave the Obama administration’s economic team after the mid-term elections. But the FOX Business Network ... continue reading

March 3rd, 2010

Consumer Agency Within Fed Seen as Victory for Banking Industry

March 3 (Bloomberg) -- For consumer advocates, housing a new agency to protect Americans from financial-product abuse within the Federal Reserve would be a defeat after lobbying for an independent body. For banks, it would represent a victory. Barney Frank, Chairman of the House Financial Services Committee, called a Senate ... continue reading

Ellen Brown

Ellen Brown is an author who developed her research skills as an attorney practicing civil litigation in Los Angeles.

February 24th, 2010

Campaigning for State-Owned Banks

While bank bailouts fatten Wall Street, states continue to battle the credit crisis. In the search for innovative solutions, some political candidates are proposing that states generate their own credit by setting up their own banks. State budgets for 2010 face the largest shortfalls on record, totaling $194 billion or ... continue reading

January 27th, 2010

Geithner draws fire defending Fed on AIG bailout

WASHINGTON – Democrats and Republicans alike pummeled Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger over Wall Street's return to prosperity while 10 percent of Americans are still jobless.Geithner, one of the original architects of the ... continue reading

January 23rd, 2010

Lawmakers Ask for Review of AIG Bailout

Two House lawmakers asked Congress' investigative arm on Thursday to review the Federal Reserve's role in the rescue of the insurer American International Group Inc. The request came from Rep. Edolphus Towns D-New York, chairman of the House Oversight and Government Reform Committee, which is conducting its own probe into ... continue reading

January 23rd, 2010

Bernanke second term in doubt

WASHINGTON (Reuters) - Ben Bernanke's confirmation to a second term as Federal Reserve chairman suddenly appeared in jeopardy on Friday even after U.S. Senate Majority Leader Harry Reid said he would back him. Two Senate Democrats on Friday announced they would oppose Bernanke, citing concerns about the economy that promise ... continue reading

Dean Baker

Co-Director, CEPR

January 23rd, 2010

Say Goodbye to Ben

Bernanke's approval is clearly on the ropes. This has prompted the Wall Street and elite media crew to rustle up all the tricks they used to push TARP through back in October of 2008. First and foremost, they are pointing to the decline in the stock market as evidence that ... continue reading

Dean Baker

Co-Director, CEPR

November 29th, 2009

Bernanke Forgot About His Role In Causing the Great Recession

Ben Bernanke's column in the Washington Post has to be absolutely infuriating to anyone old enough to remember the events of 2008. In this column, Bernanke lectures the public about the need for the Federal Reserve Board to preserve its independence from Congress, explaining that:"The government's actions to avoid financial ... continue reading

November 19th, 2009

Who Are You and What Have You Done With the Community Organizer

What's up with Barack Obama? The candidate for change once promised to take on the powerful banking interests but is now doing their bidding. Finally, a leading Democrat, in this case Senate Banking Committee Chairman Chris Dodd, has a good idea for monitoring the Wall Street fat cats who all ... continue reading

Dean Baker

Co-Director, CEPR

November 18th, 2009

The Independence of the Fed at Risk: Watt versus Paul-Grayson

Representative Mel Watt (D-NC) is out to protect the independence of the Fed from the risk of an intrusive audit from the Government Accountability Office (GAO). The risk comes in the form of a bill initiated by Ron Paul and Alan Grayson that calls for an audit of the Fed. ... continue reading

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FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States www.theonion.com WASHINGTON—The FBI announced today that it has uncovered a...

Apr 15th
3:28 PM
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Revealed: Rahm Emanuel's top donor bought stock in Marriott just before it was awarded huge contract pando.com As schools are closed and pensions cut,...

Apr 9th
2:00 PM
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I'll be at First Time Fest today in New York City at the screening of my first film, Roger & Me. Loews Village 7 at 12:30 pm. Come see it on the big...

Apr 5th
9:48 AM
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Revealed: Rahm Emanuel cuts public pensions, diverts money to benefit campaign donors pando.com If you've read the financial news out of Chicago the last...

Apr 4th
2:19 PM
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Please take a moment today to think of Casey Austin Sheehan, son of Cindy and Patrick, who was murdered by U.S. foreign policy in Sadr City, Baghdad ten years...

Apr 4th
2:00 PM
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ICYMI - I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence...

Apr 3rd
7:38 PM
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I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence Prevention...

Apr 2nd
8:27 PM
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I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested...

Apr 1st
3:55 PM
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How Long Some in the US Will Survive Under New Health Law ...by Donna Smith www.michaelmoore.com Those who must access care to live and can afford it are not...

Mar 31st
10:13 PM
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Last night, The Good Wife on the East Coast started 40 minutes late due to the overrun of the NCAA basketball game. If you had your DVR set for the show, you...

Mar 24th
5:41 PM
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Watching films today, looking for the ones I'm going to pick for my film festival this summer. I (and a whole bunch of others!) have this thing we put on...

Mar 23rd
4:48 PM
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When the U.S. Health Care System Keeps Killing, Who Cares Enough to Fight? ...by Donna Smith www.michaelmoore.com We have largely forgotten that people are at...

Mar 21st
5:56 PM
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Tell the White House not to give up on Dr. Vivek Murthy's nomination as Surgeon General despite the ferocious opposition from the NRA: Don't give...

Mar 21st
5:38 PM
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This criminal would never see a jail cell, nor would his cronies. In fact, they'd later be rewarded with re-election: Presidential Address on War with...

Mar 19th
9:40 PM
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The crime of the century -- our invasion & slaughter in Iraq -- started 11 years ago tonite in this 7pm (ET) hour, March 19th, 2003: CNN Coverage of...

Mar 19th
9:08 PM
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Washington’s Back-to-the-Future Military Policies in Africa ...by Nick Turse www.michaelmoore.com Nick Turse is an award-winning journalist, historian,...

Mar 17th
4:59 PM
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"I think democracy is the most revolutionary thing in the world." -- Tony Benn, 1925-2014 Tony Benn in 'Sicko' www.youtube.com

Mar 14th
10:07 AM
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RIP Tony Benn, one of the UK's greatest leaders: Tony Benn, veteran Labour politician, dies aged 88 www.theguardian.com Former cabinet minister died at...

Mar 14th
9:53 AM
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Please read this important story from K. Ford K.: Am I the Face of the New American Middle Class? www.huffingtonpost.com I began to feel I had slipped so low...

Mar 13th
2:24 PM
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Yesterday Dianne Feinstein revealed that the CIA has been spying on the Senate Intelligence Committee. This is all about the report the committee has produced...

Mar 12th
6:48 PM
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Health Care for All Colorado has brought Mercy Killers, a show written and performed by Michael Milligan about our murderous for-profit healthcare system, to...

Mar 10th
1:08 PM
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Health Care Dramas that Sting and Why We Have to Watch ...by Donna Smith www.michaelmoore.com The realities Milligan has written into the show cut deep into...

Mar 10th
1:02 PM
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Did you know the Lehrer Newshour on PBS has been produced for 20 years by a company owned by conservative cable billionaire John Malone? Me neither. After...

Mar 7th
8:39 PM
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Mr. Obama, if int’l law is so damn crucial . . . | RootsAction.org act.rootsaction.org The Russian intervention deserves criticism. But let’s be clear. The...

Mar 6th
1:21 PM
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Enron billionaire John Arnold thinks everyone should believe him when he says we've got to cut pensions because he's so incredibly rich: John...

Mar 5th
4:20 PM
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More in David Sirota's continuing series on the billionaire takeover of PBS: More PBS conflict woes as activists move to eject David Koch from board of...

Mar 3rd
12:35 PM
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Ukraine: One ‘Regime Change’ Too Many? ...by Ray McGovern www.michaelmoore.com Is “regime change” in Ukraine the bridge too far for the neoconservative...

Mar 2nd
9:25 PM
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Latest from David Sirota on Enron billionaire John Arnold smuggling anti-pension propaganda into "neutral" institutions like PBS and now, the...

Mar 1st
12:58 PM
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Second Guessing a Life: US Health Care System Robs Security and Human Dignity ...by Donna Smith michaelmoore.com The dysfunction of the US health care system...

Feb 27th
1:40 PM
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