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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 […]


Obama's Dollars and Cents Report Card

Let's just say he didn't make the honor roll. The headlines pretty much say it all: ABC News Exclusive: Obama Admin Slashed 60,000 Jobs From Recent Stimulus Report $6.4 Billion…


TARP Inspector General warns of bank bailout plan shortcomings

During the past few weeks, HughS and I have written a number of pieces discussing the weaknesses and dangers inherent in the Treasury's massive TARP/TALF/PPIP bank bailout and toxic asset…

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D. C. Follies, 21st Century Edition

D. C. Follies, 21st Century Edition

Late night comedians couldn't have asked for a more fertile source of fodder than the first two weeks of the Obama Administration. The Oath of Office was flubbed and had…