As you may have noticed by now, Wall Street On Parade is not buying the narrative that the $3 trillion that the New York Fed has pumped out to the trading houses on Wall Street since September 17 is part of routine open market operations that the Fed is legally allowed to do. We are […]
Ten Years After the Crash, We’ve Learned Nothing by Matt Taibbi…
Ten years ago, on Saturday, September 13th, 2008, the world was about to end. The New York Federal Reserve was a zoo. Imagine NASA headquarters on the day a giant asteroid careens into the atmosphere. That was the New York Fed: all hands on deck, peak human panic. The crowd included future Treasury Secretary Timothy […]
Bernanke, Geithner, Paulson: The Fed Should Be Able to Make Secret Trillion Dollar Loans Again…
There seems to be a growing amount of concern these days about another epic financial crash on Wall Street. That, in itself, is a concern. After all, we’ve had only two great crashes in the past 89 years: one from 1929 to 1933 and one from 2008 to 2009. Why is another crash on the […]
Old-Guard Republicans Push Carbon Tax in White House Meeting…
A group of prominent Republicans and business leaders, including former Treasury Secretaries Hank Paulson and James Baker, will meet with some of President Donald Trump’s top advisers at the White House Wednesday to push a plan to tax carbon dioxide in exchange for lifting a slew of environmental regulations. “Unlike the current cumbersome regulatory approach, […]
Never Before Seen Secret Memo On AIG Bailout From Fed’s Tarullo To Obama Revealed In Podesta Emails…
Hank Paulson and Ben Bernanke, in which Tarullo was told on a “confidential basis that, before the markets open tomorrow morning, they will be announcing a significant restructuring of the AIG bailout package…