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Bernanke Pursuing Failed Policies of the Past, Pushing For Yet Another...

Photo Credit: DerFussi The Federal Reserve chairman, Ben S. Bernanke, delivered a detailed and forceful argument on Friday for new steps to stimulate the economy, reinforcing earlier indications that...

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Crime Does Pay: Convicted Felon Gets $104 Million from IRS

Bradley Birkenfeld, the former UBS AG (UBSN) banker who went to prison after telling the Internal Revenue Service how the bank helped thousands of Americans evade taxes, secured a whistle-blower award...

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Federal Reserve Grappling With When To End Stimulus Program

Photo Credit: DonkeyHotey New minutes from the Federal Reserve show central bank officials grappling with exactly when and how the Fed should exit from its massive stimulus efforts. The minutes...

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Fed Preparing For Future PR Nightmare

photo credit: medill dc Everyone wants the Federal Reserve to say how it will unwind the $3 trillion balance sheet amassed from years of quantitative easing. Indeed, this was something of a hot topic...

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Texas Fed Chief Says Too-Big-to-Fail Banks Should Be Shrunk

Photo Credit: 401(K) 2013 Federal Reserve Bank of Dallas President Richard Fisher said the government should break up the biggest U.S. banks rather than allow them to hold a “too-big- to-fail”...

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Russia’s Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout in...

Photo Credit: Greek Reporter Representatives of the Russian company submitted the proposal to the office of Cypriot President Nicos Anastasiades on Sunday evening, Sigma TV reported. The proposal...

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Nobody’s Property Is Safe When Bailouts Begin

Photo Credit: Petros Giannakouris Imagine checking your bank statement one day only to discover that someone had just taken 10 percent out of your savings account without your permission. You’d be...

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Cyprus Rejects Bailout Deal Leaving Eurozone Facing Fresh Crisis

Photo Credit: Filip Singer The Cypriot parliament has thrown out a controversial plan to skim €5.8bn (£5bn) from savers’ bank accounts, in a move that risks plunging the eurozone into a fresh crisis...

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Bernanke: ‘Too Big To Fail’ Remains A Problem

Photo Credit: Gerald R. Ford School of Public Policy Federal Reserve Chairman Ben Bernanke said Wednesday that he still views “too big to fail” banks as a “major issue” that must be addressed....

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Confirmed: Bank Deposits To Be Seized In Cyprus, Many Cypriots Have No Cash...

Photo Credit: Getty Images Cyprus has agreed to shrink its bloated financial industry and tap big depositors at its two leading banks for billions of euros, clearing the way for a €10 billion European...

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Financial Crisis Caused by Banksters on Cocaine, Says Former UK Drug Czar

Photo Credit: Getty Images The former Government drugs tsar, Professor David Nutt, has said the financial crisis was caused by too many bankers taking cocaine. The controversial academic, who was...

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Everything is Rigged: The Biggest Price-Fixing Scandal Ever

Photo Credit: Victor Juhasz Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The...

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In Hours, Thieves Took $45 Million in Massive, Internationally Coordinated...

Photo Credit: NY Times It was a brazen bank heist, but a 21st-century version in which the criminals never wore ski masks, threatened a teller or set foot in a vault. In two precision operations that...

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Penny Pritzker: Obama’s Worst Insult to His Left-Wing Base

Photo Credit: breitbart In a crowded field, Chicago billionaire, bundler, sub-prime banker and union buster Penny Pritzker is clearly the worst nominee that President Barack Obama has chosen for his...

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Former Counsel to World Bank Claims that US Government has been Co-opted by...

Photo Credit: intellihub A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered...

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Over a Trillion Dollars of Student Loans on the Brink; Fall-Out Could Be...

Photo Credit: AFP Cable news channels regularly stoke their viewers’ fears about China holding $1.1 trillion of U.S. debt. But they’re focused on the wrong $1.1 trillion of loans. The borrowers of...

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Man Faces 13 Years in Jail for Criticizing Big Banks with Sidewalk Chalk...

Photo Credit: Scripps Media By Marie Coronel. The case against a North Park man who wrote anti-big bank messages on city sidewalks with chalk will go to trial, a judge decided Tuesday. Jeff Olson is...

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Crime Does Pay: Convicted Felon Gets $104 Million from IRS

A convicted, incarcerated felon was just awarded $104 million dollars from the IRS for telling about how he and other bankers helped rich Americans evade millions in taxes.

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Federal Reserve Grappling With When To End Stimulus Program

Several participants also fretted that the Fed's policy, aimed at bringing down long-term interest rates, could encourage "excessive risk-taking and adverse consequences for financial stability." At...

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Fed Preparing For Future PR Nightmare

It's becoming clear that Fed is becoming increasingly concerned about public perception, especially given all of the chatter about how the Fed is going to exit.

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