Peter Schiff Explains The Federal Reserve . Peter Schiff mocks the Fed with 'the idea' of exporting prosperity via printing endless money (debt) to the rest of the world! Peter Schiff explains the origins of money,The crisis in the 20's was caused by the federal reserve creating too much credit. The free market only allocates credit to where it belongs. Its weird that so many Americans don't understand principal difference between free market capitalism and state led capitalism or communism...Read Full Story
The structural issues around the EU are very difficult issues, says Former Treasury Secretary Henry Paulson. The important thing is to construct a big enough firewall so that we stabilize the banks and make sure they do not have a big systemic bank failure or messy member failure. When asked whether he believes another Lehman Bros. situation could happen in Europe, Paulson says the Lehman collapse is not the right analogy but Europe could learn from that lesson to avoid systemic failures in...Read Full Story
Former Treasury Secretary Henry Paulson discusses the harsh rhetoric from political candidates on China's trading behavior and says that during a political season heavy criticism on China plays well. Paulson adds, while there is a lot of work that needs to be done in China, he sees the nation as the largest and fastest growing export market.Read Full Story
… Former Treasury Secretary Henry Paulson discusses the harsh rhetoric from political candidates on China’s trading behavior and says that during a political season heavy criticism on China plays well. Paulson adds, while there is a lot of work that needsRead Full Story
For his decision to bail out Wall Street in order to avert economic calamity during the financial crisis, Hank Paulson earned himself a few enemies. Chief among them was blogger Barry Ritholtz. In the years since Paulson has left office, The Big Picture author has had nothing but disdain for the former Treasury Secretary, described on TBP as “a god-awful jackass who oversaw the greatest theft in history, transferring trillions from taxpayers to incompetent bankers,” and who Ritholtz felt such...Read Full Story
Community banks are seeing improved financial performance despite a challenging economy, Federal Reserve chair Ben Bernanke told a conference of community bankers on Thursday.
Community banks' profits have risen the past several quarters, while banks are having to set aside less to cover potential losses to their loan portfolios, Bernanke said at a conference on the future of community banks organized by the Federal Deposit Insurance Corp...
Federal Reserve Chairman Ben Bernanke said Thursday that close ties to local economies could be a positive and a negative for community banks.
During a conference on community banking, Bernanke’s said community banks and the communities they serve “tend to rise and fall together,” according the Baltimore Business Journal, a sister publication of the Birmingham Business Journal.
Click here to read what else Bernanke had to say about community...
Adam Davidson of NPR compares Bernanke to Henry Paulson, the Treasury secretary during the financial crisis of 2008: “It’s easy to contrast the two men, Henry Paulson and Ben Bernanke, this kind of headstrong, tall, bold bulldog in Henry ...
Lingering housing market problems are slowing the economy and limiting the effectiveness of Federal Reserve policies, according to Fed Chairman Ben Bernanke, CNN Money reports.
In a speech delivered five days after the big $25 billion mortgage settlement between states and big banks, Bernanke said the decline in home values has resulted in more than $7 trillion in lost wealth.
That, in turn, means a drop in consumer spending between $200...
Lehman Brothers Holdings Inc. is suing Citigroup Inc. to try to recover $2.5 billion transferred to Citigroup in the weeks before Lehman's September 2008 bankruptcy filing, The Wall Street Journal reports. Just after its bankruptcy filing, Lehman asked Citi to return $2 billion being held in a segregated Citi account since that June, and Citi refused, according to a Wednesday filing with the U.S. Bankruptcy Court in Manhattan.
If you really care about your financial future, here's something you need to know. It's about a story that received almost zero coverage from the mainstream press. I can't say that I am surprised. It involves gold. Thanks to requests by ...
Bernanke laid out a few ideas from a recent Fed white paper on housing, but steered clear of the more controversial options, such as expanding the reach of government-controlled mortgage firms Fannie Mae and Freddie Mac to spur more refinancing.
NEW YORK -- A failed plan to rescue Lehman Brothers was followed Sunday by more seismic shocks from Wall Street, including an apparent government-brokered takeover of Merrill Lynch by the Bank of Amer
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