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Is the Fed’s $3 Trillion in Loans to Trading Houses on Wall Street Legal?

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The House Financial Services Committee has released its memorandum outlining the topics that will be raised in its hearing tomorrow with Federal bank regulators, which will include Randal Quarles, Vice Chairman of Supervision at the Federal Reserve. Noticeably absent from the list of topics is what legislative authority the Federal Reserve has that gives it […]

As Regulators Squirm in their Seats at Hearing, JPMorgan and Citigroup Get Slapped with More Rigging Charges by EU…

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At a House Financial Services Committee hearing yesterday, Republicans attempted to marshal arguments for why U.S. banks needed more relief from regulatory oversight. Those arguments weren’t helped by the news of the day. As the hearing got underway, headlines were being promulgated around the globe that JPMorgan Chase, Citigroup and three foreign banks had been […]

James Woods Warns Conservatives After Maxine Waters Rant…

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Actor James Woods urged his Republican followers to “a) get armed, and b) vote” because “[y]our life literally depends on it” in an early Monday tweet. The tweet comes in response to Congresswoman Maxine Water’s speech at a rally on Saturday, which called for liberals to “get out” and “create a crowd” if they see […]

Five Takeaways from Yellen’s Hearings on the Hill…

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On Wednesday, Janet Yellen testified before the House Financial Services Committee. Though the hearings lost much of their appeal when Dr. Ron Paul retired from Congress, the House Republicans have maintained a reputation for being far more hostile to the Federal Reserve than their colleagues in the Senate — managing to generate some worthwhile moments. […]

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