(Reuters) - The U.S. Federal Reserve's aggressive bond-buying plan could soon backfire unless the central bank gradually changes course to head off inflation, said a top Fed official known for his hawkish stance.
Full story inside including an excellent song on fraud at the Fed.
And Sheila Bair is pushing for the same in the U.S...
We write so much about this issue because it really is the cornerstone of the bank bailout debate - who pays for the losses? You the taxpayer vs. the investors (shareholders and bondholders) that funded the bank. It would seem an obvious choice, but it has not played out that way, anywhere except Iceland.
"We see the economy strengthening," Bernanke said during a Small Business Forum in Washington DC co-sponsored by the FDIC and CNBC. "It has looked better in the last few months. We think a 3 to 4 percent-type of growth number for 2011 seems reasonable."
Complete story including video is inside.
Video - Dr. Elizabeth Warren with Tavis Smiley on the CFPB
Now includes the complete interview (11 minutes) as well as the highlight clip.
Video - Harvard professor Lawrence Lessig with Ratigan - Jan. 11, 2011
Cash & Corruption - The power of money in politics...
It's raining global bankster bullshit...
Brilliant editorial invoking the legend of Hank Paulson, Bilderberg and several clips including Jimmy Rogers.
(Reuters) - American International Group Inc accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with political wrangling.
AIG has been trying to sell the unit for some 15 months as part of its plans to help pay back the U.S. government for its $180 billion bailout, but regulatory issues have dogged the sale process and might yet delay it further.
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Jan 14, 2011 at 12:16 AM
