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Did Timothy Geithner leak Fed policy decisions to major banks?

Bloomberg Businessweek reports: A research paper has found “robust evidence” that for years some traders got early news of U.S. Federal Reserve rate announcements and then traded on it during the Fed’s media lockup. The paper, covering September 1997 through June 2013, detected abnormally large price movements and imbalances in buy and sell orders that […]


Yellen for head at the Fed…

The country is in the best of hands. And if you believe that, I’ve got a great deal on swamp land in downtown Phoenix. Several months ago President Present Obama announced that Ben Bernanke would be leaving his job as Chairman of the Federal Reserve when his current term runs out in January. Yellen will […]


It’s the “O’conomy Stupid!”

If there’s a scandal afoot the President must be “pivoting” to talk about the economy and jobs again. And the press must be enabling him. Again. Last week the President spoke for probably the hundredth time about the economy, this time in Galesburg, Illinois. Interesting place for a lecture about economics given the state of […]


Quantitative Easing Explained

Quantitative Easing…It's all about the Goldman-Sachs!


The Fed at The Crossroads

The Fed at The Crossroads

You're looking at a picture of Crossroads Mall, located in Oklahoma City at what was once considered to be a prime retail location, the intersection of I-35 and I-244…


Fed Chairman Bernanke Needs To Answer Some Questions

The announcement yesterday that President Obama has asked Federal Reserve Chairman Ben Bernanke to serve another four year term is getting tepid coverage in the MSM. That may well be…


Has Bernanke Had An Epiphany?

Fed chairman Ben Bernanke told Congress today that he's worried about massive federal budget deficits: June 3 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said large U.S. budget deficits…

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Bernanke Agonistes

The danger of doing nothing lies with the herd mentality of markets in stampede mode. Many sound financial institutions could be swept up in the crisis of confidence even though they maintain a strong portfolio with a low and acceptable level of “problem loans.” That wouldn’t be good for the economy in either the long or short run.

I tend to agree with Kudlow that some action is called for. While Will also makes sound points, there is no benefit to watching the house burn down if pumping some water could save it.

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Fed pumps another $38 bil to avert credit crunch

The markets’ free fall may have ended this afternoon as the Federal Reserve Board pumped another $38 billion into the banking system to avoid the feared liquidity crisis, matching the…

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