Federal Reserve

OurFuture.org Staff's picture

The Fed and Crony Capitalism

From alternet.org
March 26th, 2008
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Submitted by OurFuture.org Staff

alternet.org — The Federal Reserve's recent decision to grant Wall Street access to special borrowing facilities smells of special dealing for special interests. The decision subsidizes the biggest most powerful investment banks, thereby distorting financial markets in their favor. Behind the decision lies the problem of excessive representation of Wall Street interests within the Fed.

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Robert Borosage's picture

CAF STAFF

McCain: Playing Election Year Politics with the Credit Crisis

By Robert Borosage
March 25th, 2008

One in ten homes is “under water” – worth less than their mortgages. 2 million homeowners are headed to foreclosure. The shadow banking system verges on collapse. Banks across world are shaken. The world fears global recession. Fearful of a catastrophic unraveling, the Federal Reserve has slashed interest rates. more »

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alan stuart2's picture

ALWAY$ FOLLOW THE MONEY

By alan stuart
March 18th, 2008

Is there any doubt, that the hierarchy of Bear Sterns will still receive huge bailout payments? Why is it that JP Morgan is will retain the rights to purchase the building even if their purchase FAILS within the 60 day time frame? Who else but our present administration could would and did concoct such a sweetheart deal to "rescue" their friends in time of need? more »

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Michael Kwiatkowski's picture

Things I'd Like To See, Part 1: Krugman As Federal Reserve Chairman

By Michael Kwiatkowski
March 17th, 2008

Leave it to Paul Krugman to tell the hard truth about what needs to be done in this financial crisis. more »

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