ben bernanke

Collateral Damage: QE3 and the Shadow Banking System

Jul 26, 2013
Rather than expanding the money supply, quantitative easing has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. This “failure” has prompted the Bank for International Settlements to urge the Fed to shirk its mandate to pursue full employment, though the sort of QE that could fulfill that mandate has not yet been tried.
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Truthdigger of the Week: David Stockman

Apr 7, 2013
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.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 are class warfare at its worst.

Truthdigger of the Week: Ex-TARP Investigator Neil Barofsky

Aug 5, 2012
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.Since he was appointed to investigate the bank bailouts in 2008, Neil Barofsky has suffered dismissal and deprecation from his colleagues and the banks they're supposed to regulate.