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By Karen Armstrong
$18.45
By Mike Rose
$10.88
$18
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AP/Louis Lanzano
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Former Reagan-era budget director David Stockman is under attack by pundits everywhere for confirming that money for Wall Street and nothing for Main Street stands as an upper-class attack on the American public.
Posted on Apr 6, 2013
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AP
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By Robert Scheer — For all of the strident attacks on Stockman’s column, I have yet to read a serious critique of his most brazen claim.
Posted on Apr 2, 2013
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AP/Alex Brandon
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If Bernanke’s stance is any indication, Sen. Warren, who was just sworn in this January, is already having a positive impact on Washington.
Posted on Mar 21, 2013
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Sen. Elizabeth Warren, D-Mass., a two-time Truthdigger of the Week, demonstrated once again why big banks and Wall Street want to keep their distance from her when she took on Ben Bernanke during his semiannual appearance before the Senate Banking Committee on Tuesday.
Posted on Feb 26, 2013
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Flickr/tiseb
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By Robert Reich — For the first time, the Federal Reserve has explicitly linked interest rates to unemployment. Rates will remain near zero “at least as long” as unemployment remains above 6.5 percent and if inflation is projected to be no more than 2.5 percent.
Posted on Dec 13, 2012
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By davelawrence8
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In his latest takedown of Mitt Romney, the New York Times columnist criticizes the Republican presidential nominee for his stance on the Fed’s latest effort to jump-start the economy.
Posted on Sep 17, 2012
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AP/Scott Applewhite
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In late 2008, Neil Barofsky was appointed the Treasury Department’s investigator of the bank bailouts. In the time since, he has suffered dismissal and deprecation from his colleagues and the corporations they’re supposed to regulate.
Posted on Aug 4, 2012
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jrodmanjr (CC BY-ND 2.0)
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The Federal Reserve announced last week that it would launch no new stimulus programs to jump-start the economy, and editors at The Washington Post applauded Edward DeMarco, acting director of the Federal Housing Finance Agency, for refusing to refinance mortgages for struggling homeowners.
Posted on Aug 4, 2012
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AP/Barry Thumma
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By Robert Scheer — American families have lost 20 years of growth while at least 18 bankers and tycoons sat on Fed boards that coincidentally bailed out their institutions.
Posted on Jun 14, 2012
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W.W. Norton & Company, Inc.
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By Paul Krugman —
In March 2009 Ben Bernanke, normally neither the most cheerful nor the most poetic of men, waxed optimistic about the economic prospect. After the fall of Lehman Brothers six months earlier, America had entered a terrifying economic nosedive. But appearing on the TV show “60 Minutes,” the Fed chairman declared that spring was at hand.
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rosebennet (CC-BY)
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The Federal Reserve lent weight to economists’ warnings of a long and slow recovery on Wednesday when it announced plans to keep short-term interest rates near zero for at least the next three years. The idea is that low rates will encourage borrowing and investment in American businesses, helping resurrect the economy.
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Chairman of the Federal Reserve Ben Bernanke and multibillionaire Warren Buffett spoke to CNN Money about the Occupy Wall Street protests.
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AP / J. Scott Applewhite
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By Robert Scheer — Why are Ben Bernanke and Barack Obama just now discovering that there is a jobs crisis in this country?
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
Posted on Sep 22, 2011
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AP / Susan Walsh
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This is not really the kind of headline we want to read about the Federal Reserve right now, but top banana Ben Bernanke acknowledged at a news conference Wednesday that the Fed was “caught off guard by recent signs of deterioration in the economy.”
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AP / Alex Brandon
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By Robert Scheer — How I wish that Ben Bernanke would get caught emailing photos of his underwear-clad groin. Otherwise we don’t stand a chance of reversing this administration’s economic policy, which is shaping up to be every bit as disastrous as that of its predecessor.
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The American political climate took on a certain circus-like quality this week, with GOP showman Donald Trump stirring up the birther controversy yet another—and, given the result, hopefully the last—time. Thankfully, we have “Left, Right & Center” regulars Robert Scheer, Matt Miller, Tony Blankley and special guest Mary Matalin to cut through the noise on that issue.
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When you sit back and ponder all the ways in which our government’s functionality might be improved, you immediately seize upon the notion that if Fed Chairman Ben Bernanke held news conferences, we’d be that much closer to a true democracy, right?
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Flickr / cliff1066™(CC-BY)
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On Wednesday, newly released minutes from the Federal Reserve’s late-January meeting reflected a more optimistic stance vis-à-vis the next phase of the U.S. economy, but unfortunately, the slightly brighter outlook didn’t extend to the Fed’s take on the job market.
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AP / Susan Walsh
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As if the last couple of years haven’t been brutal enough, here comes Federal Reserve Chairman Ben Bernanke with the exasperating news that the job market isn’t going to markedly improve for “several years.”
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By Eugene Robinson — Ben Bernanke may or may not succeed in saving the economy, but at least he has the courage to try—and the honesty to tell the truth. The same cannot be said of our elected officials.
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Wikimedia Commons / Robert Mihaly (CC-BY-SA)
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Thanks to Bernie Sanders and the new financial regulation passed by Congress, we’re learning more about the Federal Reserve’s $3.3 trillion bailout of Wall Street in 2008. It turns out the Fed lent money ... (more)
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AP / LM Otero
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By Robert Scheer — The Harvard MBA is the degree that George W. Bush and his last treasury secretary, Henry Paulson, had in common, and their shared ignorance as they presided over the collapse of the U.S. economy is on full display in the former president’s newly published memoir.
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AP / Frank Franklin II
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By Nomi Prins — In the wake of the election, the Fed pulled off a move detected only by downtown Manhattan. It quietly announced a purchase of $600 billion in Treasury securities (read: our debt) while pundits on the left and right were dissecting the role of the tea party in political life as we know it.
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There’s a lot of unpacking for “Left, Right & Center” regulars Tony Blankley, Robert Scheer and Matt Miller to do after last Tuesday’s midterm elections. What does the vote mean? Where are we headed? And did Obama really pick up what Americans were putting down, so to speak, at the polls?
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Flickr / Gisela Giardino (CC-BY-SA)
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Trying to follow the amount of money the Federal Reserve has pumped into the economy (and the banks) can be truly mind-boggling, and it’s not getting easier. (continued)
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Fed chief Ben Bernanke says he hasn’t ruled out buying up more bad paper to prop up the economy. Is it good news, bad news or no real news at all? What do the primaries portend about the midterm elections ahead?
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Flickr / jmlawlor
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The Federal Reserve is taking action to try to give the flagging U.S. economy a much-needed jolt by committing to buy up some of the government’s debt in the form of long-term Treasury securities.
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Wikimedia Commons / U.S. Federal Reserve
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Those out-of-work Americans hoping to hear something encouraging from the general direction of Capitol Hill wouldn’t like what Federal Reserve Chairman Ben Bernanke had to say to Congress on Wednesday.
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Flickr / Sister72 (CC-BY)
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He’s a one-man downer, but mainly because he’s smart, credible and pulls no punches. In his latest New York Times column, the Nobel Prize winner warns that the Federal Reserve isn’t taking a negative enough view of the economy—with potentially dire consequences. Happy Monday to you, too, Paul.
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Wikimedia Commons / U.S. Federal Reserve
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There are economic indicators that we want to be on the high end of the scale, but unemployment isn’t one of them. Unfortunately, according to Federal Reserve Chairman Ben Bernanke, the U.S. unemployment rate ... (continued)
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Flickr / eflon
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Coming only a year too late to the party, Fed Chair Ben Bernanke has asserted that regulators must be “significantly tougher” on the large financial firms, arguing that the perception of those institutions as “too big to fail” threatens competition in the financial markets.
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Wikimedia Commons / Federal Reserve
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The Federal Reserve’s vice chairman, Donald L. Kohn, is ready to leave the building. Providing what could be a substantial opportunity for the Obama administration to change the central bank’s course, Kohn announced Monday that he’ll retire June 23, the official end date of his four-year term at the Fed.
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Flickr / antiparticle
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It’s not the only financial institution involved, but Goldman Sachs features prominently among the companies that the Federal Reserve is investigating in relation to Greece’s recent debt calamity, Fed chief Ben Bernanke told the Senate Banking Committee on Thursday.
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AP / Susan Walsh
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Well, it’s good news for Mr. Bernanke, at least: The U.S. stock market did better Monday than it had in the last three days of trading, thanks in part to signs that Federal Reserve Chairman Ben Bernanke’s support in the Senate appeared solid. The sunny quarterly report from Apple Inc.—coming just days before the company was expected to make a major announcement—also helped reverse last week’s slide.
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AP / J. Scott Applewhite
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With unemployment running at 10 percent and Wall Street bankers again pocketing big bonuses, many see Federal Reserve Chairman Ben Bernanke’s priorities as skewed. But absent from those critics is the White House, which believes Bernanke will be reconfirmed for a second term next week.
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Flickr / eflon
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The Fed has nothing to hide about its dealings with AIG when it saved the too-big-to-fail insurance behemoth during the great bailout of 2008-9—or at least Federal Reserve Chairman Ben Bernanke has signaled his full willingness to make the central bank’s relevant “records and personnel” available to investigators from the Government Accountability Office.
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Federal Reserve
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It’s been a good week for Federal Reserve Chairman Ben Bernanke. First came the news that he’d been chosen to be Time magazine’s Person of the Year, and then, on Thursday, the Senate Banking Committee voted to approve his nomination to lead the Fed for another four years.
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AP / Susan Walsh
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By Robert Scheer — Obama’s faux populism is beginning to grate, and when yet another one of those “we the people” e-mails from the president landed on my screen as I was fishing around for a column subject, I came unglued.
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Wikimedia Commons / United States Federal Reserve
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After heading up the Fed during the nation’s biggest economic catastrophe in decades, Federal Reserve Chairman Ben S. Bernanke will be nominated to continue his role for a second term, according to another top Obama adviser, David Axelrod.
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Federal Reserve
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After seemingly endless months of relentlessly distressing financial reports, Federal Reserve Chairman Ben S. Bernanke said Friday that the economic news is looking up on both the national and global economic fronts, and that “prospects for a return to growth in the near term appear good.”
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kc.frb.org
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On Sunday, Federal Reserve Chairman Ben Bernanke met the media, or at least PBS “NewsHour” anchor Jim Lehrer, along with some concerned citizens of Kansas City, Mo., to discuss how the Fed has dealt with the ongoing economic catastrophe over the past few months.
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AP photo / Susan Walsh
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The good news: Federal Reserve Chairman Ben Bernanke believes the U.S. economy may show signs of bouncing back before 2010—yay! The bad news: Bernanke also believes that aftershocks from the recession may continue to wreak havoc for a good while to come—sigh.
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AP photo / Susan Walsh
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In testifying before Congress on Tuesday, Treasury Secretary Timothy Geithner asked for what he called “new resolution authority” to grant the federal government the ability to more successfully take on financial institutions like AIG (i.e., non-banks) in the future.
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In a rare interview with Ben Bernanke broadcast Sunday on “60 Minutes,” the Federal Reserve chairman allowed himself to sound slightly more optimistic, although ever so cautiously so, about the possibility that the American economy will pull out of recession soon—perhaps, he said, by the end of this year.
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topnews.in
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While he was able to give the banking business a little lift on Tuesday, Federal Reserve Chairman Ben Bernanke also delivered the sobering news that the economy as a whole isn’t likely to make big gains in terms of recovery before 2010 or later.
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AP photo / Richard Drew
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This just in: Not everything is completely awful in the financial arena. Rejoice—stocks went up a little bit! Even if it’s just because Fed Chair Ben Bernanke assured Wall Street that our nation’s banks won’t be nationalized soon, and even if the 2 percent rise happened a day after the Dow dipped to 12-year lows.
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On Tuesday, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke faced a lineup of vexed, perplexed and otherwise agitated members of Congress, including Reps. Barney Frank, Ron Paul and Nydia Velazquez, all eager to ask some serious questions about the infamous bailout.
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Too Soon to Tell: The Case for Hope, Continued
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