major U.S. financial institutions (1); U.S. financial crisis happen (1); U.S. financial system (2).
Fri 2010-02-12 21:22 EST
...about the events of September 12-September 19, 2008, the week during which the U.S. financial system nearly collapsed. Writer gives a day-by-day account of events, with a focus on the roles played by Henry Paulson, the Secretary of the Treasury, Ben Bernanke, the chairman of the Federal Reserve, and Timothy Geithner, president of the New York Federal Reserve...
The Full Feed from HuffingtonPost.com Wed 2009-11-25 10:44 EST
In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter. The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.
Audit Federal Reserve Passes Key Hurdle; billed; com; Fed Beaten; full Feeds; HuffingtonPost.
Wed 2008-04-16 00:00 EDT
by Charles R. Morris; how the U.S. financial crisis happened
