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Darrell Issa Accuses FRBNY Of Contempt For Selective Document Disclosure
Rep. Darrell Issa comes out guns blazing once again, alleging that the Fed provided a selective response to the subpoena to provide all documents relating to the AIG bailout, and asks Edolphus Towns,...
View ArticleShould Davis Polk Join Tim Geithner In Providing AIG Testimony Before Congress?
Is it time to summon Davis Polk And Wardwell to provide testimony before Congress? New disclosure from Huffington Post seems to indicate so: The Fed has claimed that it had little control and that AIG...
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Federal Reserve Moral Hazard Smoking Gun: In August 2008 Goldman Was Willing...
As observant readers will recall, a week ago we pointed out a letter in which the New York Fed's Steven Manzari instructed AIG to stand down on all discussions with counterparties on "tearing...
View ArticleDarrell Issa's Special Report On AIG Could Be The End Of Geithner
We are currently going through the recently released Special Report by Darrell Issa: "Public Disclosure As A Last Resort:How the Federal Reserve Fought to Cover Up the Details of the AIG Counterparties...
View ArticleDavis Polk Summarizes Fin Reg Reform... In 130 Pages
For all those who have been hoping for someone to condense Donk's 2000+ pages into something that does not induce a coma, below is FRBNY's favorite law firm, Davis Polk, attempted summary of financial...
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The Dodd-Frank Wall Street Reform and Consumer Protection Act: The Triumph of...
From The Daily Capitalist Part 1 The new financial overhaul bill is the greatest government takeover of the financial sector of the economy since the National Recovery Act of 1933 when Franklin...
View ArticleGuest Post: A Christmas Message From America's Rich
From Matt Taibbi A Christmas Message From America's Rich It seems America’s bankers are tired of all the abuse. They’ve decided to speak out. True, they’re doing it from behind the ropeline, in front...
View ArticleEric Sprott: "The Financial System Is A Farce"
From Eric Sprott and David Baker The Financial System is a Farce: Part Three 2011 was a merry-go-round of more bailouts, more deferrals and more denial. Everyone is tired of the Eurozone. It’s not...
View ArticlePatriot Coal Plunges On Report Of Bankruptcy Advisor Pitch
Wondering why PCX is plummeting, and slowly taking the entire energy complex lower? It is due to the following report from DebtWire as of last night, and reposted this morning. Patriot Coal on Friday...
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Bloomberg FOIA Documents How Wall Street Made A Muppet Of The SEC, Mary...
That the SEC is the most incompetent, corrupt, irrelevant and captured organization "serving" the US public is known by everyone. And while the details of the SEC's glaring lack of capacity to do...
View ArticleHeinz Confirms It Will Be Acquired By Buffett In $28 Billion Transaction At...
Just released by Heinz. Luckily, the brand new US Secretary of State has a full conflict of interest release.H.J. Heinz Company Enters Into Agreement to Be Acquired by Berkshire Hathaway and 3G...
View ArticleFrontrunning: June 18
Obama Says Bernanke Fed Term Lasting ‘Longer Than He Wanted’ (Bloomberg)Merkel Critical Of Japan's Credit Policy In Meeting With Abe (Nikkei)China Wrestles With Banks' Pleas for Cash (WSJ)Biggest...
View ArticleFrontrunning: September 10
Obama Shrinking Second-Term Hastened by Syria Opposition (BBG)Obama says Russian proposal on Syria a potential 'breakthrough' (Reuters)Poll Finds Support Fading for Syria Attack (WSJ)France to...
View ArticleFrontrunning: November 21
When it fails, do more of it - Bank of Japan hints at extending ultra-loose monetary policy (FT)PBOC Says No Longer in China’s Interest to Increase Reserves (BBG)Fed casts about for endgame on...
View ArticleHow Goldman Controls The New York Fed: 47.5 Hours Of "The Secret Goldman...
When nearly a year ago we reported about the case of "Goldman whistleblower" at the NY Fed, Carmen Segarra, who alleged she was wrongfully terminated after she flagged "numerous conflicts of interest...
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"I Am Putting Everything In Goldman Sachs Because These Guys Can Do Whatever...
When we first covered the Carmen Segarra lawsuit alleging the capture of the NY Fed by Goldman Sachs back in October 2013, we didn't have much hope for justice to get done. We said that "while her...
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A Quick Look At Goldman's Takeover Of The US Judicial System: NY Fed Edition
Moments ago, in the aftermath of the latest scandal involving Goldman's Rohit Bansal getting material information from a NY Fed employee, finally admitted that the original Carmen Segarra...
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GE Announces One Of Largest Buybacks In History, Will Repuchase $50 Bn In...
As we showed previously, the main reason stocks soared in February after the worst January in years, is that companies announced a record $100 billion in stock buybacks in the month even as both...
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