Post Tagged with: "Federal Reserve"

U.S. Federal Debt as percentage of GDP

Hamilton on Debt: Turn It into Capital!

by Nancy Spannaus June 15, 2019–In their June 12 column in Wall Street on Parade, Pam and Russ Martens reviewed the scandal of the century—the fact that the Federal Reserve has bailed out Wall Street to the tune of $27 trillion since the crash of 2008-9. They concluded, appropriately, with […]

by June 15, 2019 Commentary, News
Federal Reserve headquarters in Washington, D.C. (wikimedia commons)

The Federal Reserve Is Not `America’s Bank’

How the Fed was foisted on the U.S. by Europe’s Central Bankers      America’s Bank,  The Epic Struggle To Create the Federal Reserve Roger Lowenstein, Penguin Books,  New York, NY. 2015. A review by Stuart Rosenblatt April 5, 2019 Despite the fact that America’s Bank, the story of the founding of […]

by April 5, 2019 History, Review
Congressional action is needed.

Frequently Asked Questions on the National Infrastructure Bank (NIB)

Answering questions about how a National Infrastructure Bank would function

by December 21, 2018 Infrastructure Bank
New York Stock exchange

The Fed Stokes “Bancomania”

by Nancy Spannaus Nov. 1, 2018—It should be no surprise that at its Oct. 31 (Halloween) meeting, the Federal Reserve decided to loosen regulations not only for the banks with a $250 billion net worth, but also for those with assets up to the $700 billion level. This decision reflects […]

by November 1, 2018 News
Fed Chairman Jerome Powell at his swearing-in (federalreserve.gov)

Will the Fed Deregulate Us Into a New Major Crisis?

October 30, 2018—Tomorrow, according to an Oct. 29 report in the American Banker, the Federal Reserve Board of Governors is expected to take up the matter of implementing S. 2155, the major banking deregulation bill that was passed in the spring of this year. “Specifically, the Fed will unveil details […]

by October 30, 2018 News
The 2008 crash--Where deregulation leads

Deregulation Run Amok!

May 26, 2018—The pace of deregulation coming from the Trump Administration, and the U.S. Congress, is stunning. And it runs directly contrary to the principles of the Federally-backed credit system which Alexander Hamilton established, called the American System. Here are three prominent examples (many more are likely hidden in the […]

by May 26, 2018 News Shorts
Federal Reserve headquarters in Washington, D.C. (wikimedia commons)

Solve the Fed’s Dilemma–with Glass-Steagall

April 24, 2018—“Could the Fed Set Off a Debt Bomb?”, asked financial pundit Satyajit Das in an article for Bloomberg April 12. Das’s analysis of the minefield which the Fed faces in the weeks and months ahead, serves as a warning to those of all political stripes who keep mindlessly […]

by April 24, 2018 News Shorts
News Shorts, March 5-11, 2018

News Shorts, March 5-11, 2018

Administration Slashing Crucial New York-New Jersey Gateway Project March 4, 2018—The final word has not yet been said, but the Trump Administration is giving every indication of disavowing any Federal funding for a major infrastructure project on which a huge portion of the nation’s economic functioning depends. That project is […]

by March 5, 2018 News Shorts, Uncategorized
(dreamstime)

Government Agency Warns of “Red”-hot Danger of Financial Crisis

Dec. 31, 2017—Not every government agency is hewing to the line that the U.S. financial system is secure and thriving. Among the dissidents is the Treasury Department’s Office of Financial Research (OFC), which produced its 2017 Financial Stability Report on December 5. The report has gotten little attention outside a […]

by December 31, 2017 News
Wolves of Wall Street Taking Over Trump Administration

Wolves of Wall Street Taking Over Trump Administration

Nov. 29, 2017—“Are there any rules for the banking industry that should be made stronger?”, Senator Elizabeth Warren (D-Mass) pressed Federal Reserve Chairman nominee Jerome Powell, during his confirmation hearing at the Senate Banking Committee on Nov. 28. “There are no places that we’re lacking,” he said. He supported rewriting […]

by November 30, 2017 News