You Can’t Taper a Ponzi Scheme: Time to Reboot

By Ellen Brown, Web of Debt Jul 27, 2014 The rules of money have been changed before and can be changed again. Depressions, credit crises and financial collapse are not acts of God but are induced by mechanical flaws or corruption in the financial system. Credit may stop flowing, but the workers, materials and markets are still there. Dig deeper ( 6 Min. Read )

Records Show Federal Reserve Wildly Misunderstood Crisis

Alexander Reed Kelly / Truthdig Feb 23, 2014 "Hundreds of pages of transcripts, based on recordings made at the time, reveal the ignorance of Fed officials about economic conditions during the climactic months of the financial crisis," The New York Times reports. Dig deeper ( 2 Min. Read )

Janet Yellen Sworn In as Head of Fed

Alexander Reed Kelly / Truthdig Feb 3, 2014 Janet Yellen became the first woman to head the Federal Reserve on Monday as investors worried over China and other emerging markets. Dig deeper ( 1 Min. Read )

Janet Yellen

Taylor Jones, Cagle Cartoons, El Nuevo Dia, Puerto Rico Oct 21, 2013 Dig deeper

‘Left, Right & Center’: Is There a Deal in Sight?

Staff / Truthdig Oct 12, 2013 Truthdig Editor-in-Chief Robert Scheer and the other "Left, Right & Center" panelists spend a full hour discussing the prospects for progress in Washington as the government shutdown remains in place. Dig deeper ( 1 Min. Read )

Obama Will Nominate Janet Yellen as the First Woman to Chair the Fed

Staff / Truthdig Oct 9, 2013 President Obama will reportedly nominate Fed Vice Chairwoman Janet Yellen to head the central bank, making her the first woman in the institution's 99-year history to do so if she is confirmed by the Senate. Dig deeper ( 1 Min. Read )

Lawrence Summers Will Not Chair the Federal Reserve

Peter Z. Scheer / Truthdig Sep 16, 2013 Over the screaming objections of members of his own party, President Obama seemed determined to appoint Wall Street groupie Lawrence Summers to head the most important bank in the country. On Sunday, Summers "reluctantly" withdrew his name from consideration for the post. Dig deeper ( 2 Min. Read )

Whom Does Sen. Warren Want to Head the Fed?

Tracy Bloom / Truthdig Jul 28, 2013 Since taking office earlier this year, Sen. Elizabeth Warren, D-Mass, has been a staunch consumer advocate, a champion of the middle class and a thorn in Wall Street’s side, which is why we should pay close attention to whom she’s backing to replace Ben Bernanke as head of the Federal Reserve. Dig deeper ( 1 Min. Read )

The Next Fed Chair, Pelosi Slams ‘Reprehensible’ Weiner, and More

Tracy Bloom / Truthdig Jul 26, 2013 A look at the day's political happenings, including the roll call vote for Justin Amash's failed NSA surveillance amendment and the Republican congressional idea that one GOP senator called "the dumbest" he ever heard. Dig deeper ( 3 Min. Read )