The disintegration of central banking shifted to overdrive in November. The Senate Banking Committee’s listless accreditation of Janet Yellen as next Fed chairman was not a surprise, but it was notable that vigorous critics of Chairman Bernanke, such as Senator Bob Corker, dozed through the hearing. When the bubble of all bubbles bursts, and the Senate and Congressional oversight committees fulminate at central bankers, it will be those politicians who should sit in the dock. They could have acted. Instead, the Senate is whisking Bernanke-Squared to the throne, as quickly and quietly as possible.
David Stockman gave his insights on Mitt, Newt, crony capitalism, and the private equity controversy this week on Dylan Ratigan’s MSNBC show. He laid the…
David Stockman, former Director of the White House Office of Management and Budget during the Reagan Administration, has in recent years become a prominent and…
The markets whipsaw wildly, careening between faith and fear, betting one day that the world will come to an end and the next day that…
GREENWICH, Conn. (MarketWatch) — Someone has to stop the Federal Reserve before it crushes what remains of America’s Main Street economy.
In the last few weeks alone, it launched two more financial sector pumping operation…
January 10, 2011
Fed Pays a Record $78.4 Billion to Treasury
By SEWELL CHAN
WASHINGTON — Central banking in the aftermath of a financial crisis is a lucrative business, it turns out.
The Federal Reserve will deliver a record $78.4 billion to the T…
From the Benzinga website….
I commented in a previous article that “if you think that Fed Chairman Ben Bernanke is unpopular, consider the tragic case of Takahashi Korekiyo, who served as Bank of Japan governor from 1911-1913 and as finance min…
A veritable plethora of contradictory statements that could lead you to believe that Bernanke is a few slices short of a loaf….
“I am a macroeconomist rather than an historian. My focus will be on broad economic issues rather than details.”
Pro…