tagged w/ the fed
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Jan. 11 (Bloomberg) -- The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history.
The U.S. Court of Appeals in Manhattan will decide whether the Fed must release records of the unprecedented $2 trillion U.S. loan program launched after the 2008 collapse of Lehman Brothers Holdings Inc. In August, a federal judge ordered that the information be released, responding to a request by Bloomberg LP, the parent of Bloomberg News.Jan. 11 (Bloomberg) -- The Federal Reserve asked a U.S. appeals court to block a... more
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The US Federal Reserve turned a record profit of 45 billion dollars last year even as it plowed money into teetering banks to prevent a financial collapse, The Washington Post reported Tuesday.
The country's central bank played a pivotal role in propping up the US economy in the midst of the sharpest recession since the Great Depression, spending billions of dollars on a highly controversial bailout of financial institutions.
The Fed's unconventional moves led to a windfall for the government, the Post reported on its website, citing its calculations of figures it compiled from public documents.
It said the Fed will return 45 billion dollars to the US Treasury for 2009, the highest earnings in the 96-year history of the central bank. The largest previous refund was 34.6 billion dollars, in 2007.
The daily said the profits -- earned in large part from the Fed's aggressive bond-buying as it aimed to push down interest rates and stimulate growth -- were far higher than the expected profits of Bank of America, Goldman Sachs and JP Morgan combined.The US Federal Reserve turned a record profit of 45 billion dollars last year even as... more
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2009 is marked as the year hundreds of billions of American taxpayer dollars bailed out poor Wall Street’s big banks, only to see those same banks hit record profits by the end of the year, and much of the bailout money completely lost—never to be repaid, according to a recent report by the TARP inspector general. Meanwhile, $20 billion to $30 billion bonuses are expected to be handed out by these very same banks whose reckless behavior caused a financial crisis that the average American is now paying for and will for a very longtime… only because our government insisted “they are too big to fail”.
All this while, Main Street suffers despite pleas to stop the printing of excessive money and shut off the Federal Reserve’s endless financial faucet … Americans are losing their jobs, homes, and life savings. Hyperinflation is already increasing the prices of ordinary goods, leaving Americans wondering who is to blame and, more important, how can they preserve their wealth.
Watch this video to learn more or you can pick up the phone right now and call Nabers Group http://www.Nabers.com directly at 877-903-2220.2009 is marked as the year hundreds of billions of American taxpayer dollars bailed... more
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12/1/2009 Ron Paul on Kudlow Report
***This article has been chosen as a discussion topic on PFP Movement Radio, http://www.blogtalkradio.com/pfpmovementradio Friday night at 6pm-8pm. Please Call In To The Show, 347-633-9636. COMMENTS will be included in the show so feel free to discuss or ask questions here on current.com as they will be addressed during the show. This article will also air on Freedom Hour Saturday at 9pm-10pm on Movement TV http://www.peacefreedomprosperity.com/?page_id=36***12/1/2009 Ron Paul on Kudlow Report
***This article has been chosen as a discussion... more
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Pfizer and Lilly lead a parade of U.S. companies that have paid $7 billion in penalties after promoting drugs for uses not approved by the FDA. This unlawful behavior may not end until prosecutors force a drugmaker into bankruptcy.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a4yV1nYxCGoA&pos=10Pfizer and Lilly lead a parade of U.S. companies that have paid $7 billion in... more
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August 31, 2009
......The administration claims that it inherited a dire situation from the last administration, which is absolutely true. However, that hasn’t stopped them from accepting all the policies and premises that got us here, and accelerating those policies to rapidly make a bad situation much worse. The bailouts started with the last administration. They have gotten bigger with t......
***This article has been chosen as a discussion topic on PFP Movement Radio, http://www.blogtalkradio.com/pfpmovementradio Friday night at 6pm-8pm. Please Call In To The Show, 347-633-9636. COMMENTS will be included in the show so feel free to discuss or ask questions here on current.com as they will be addressed during the show. This article will also air on Freedom Hour Saturday at 9pm-10pm on Movement TV http://www.peacefreedomprosperity.com/?page_id=36***August 31, 2009
......The administration claims that it inherited a dire situation... more
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The Ludwig Von Mises Institute’s 1996 Documentary On The Federal Reserve (The Fed) with Ron Paul, Lew Rockwell, and many more.
***This article has been chosen as a discussion topic on PFP Movement Radio, http://www.blogtalkradio.com/pfpmovementradio Friday night at 6pm-8pm. Please Call In To The Show, 347-633-9636. COMMENTS will be included in the show so feel free to discuss or ask questions here on current.com as they will be addressed during the show. This article will also air on Freedom Hour Saturday at 9pm-10pm on Movement TV http://www.peacefreedomprosperity.com/?page_id=36***The Ludwig Von Mises Institute’s 1996 Documentary On The Federal Reserve (The... more
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