New information from the former Special Inspector General for Iraq Reconstruction (SIGAR) Stuart Bowen, reported by perhaps the bravest journalist alive today, James Risen, shows that of the multi-billions of U.S. dollars cash literally shipped on pallets to Iraq in 2003, over one billion was traced into Lebanon (the other billions remain unaccounted for.)
|By: William Black Sunday January 15, 2012 1:59 pm|
Dylan Ratigan is well positioned to author a book, designed to be an enjoyable and informative read by normal humans, on the ongoing financial crisis. He is the wunderkind who became Global Managing Editor for Corporate Finance of Bloomberg, the premier news service that specializes in finance, at an exceptionally young age. He was at CNBC while that network was hyping the housing bubble as a non-bubble offering fantastic investment opportunities.
|By: Jane Hamsher Wednesday December 16, 2009 7:55 am|
Back in May, Marcy Wheeler met with Chris Dodd and I asked him if he knew, as Chairman of the Senate Banking Committee, which banks the Fed was lending to. He said he’d find out and get back to me. He finally did. He asks the Fed why he shouldn’t know these things, and then sent me their response. The letter is below the fold.
|By: Yves Smith Sunday November 29, 2009 4:00 pm|
The worst is the folks at the Fed clearly believe the bogus stress tests were a meaningful exercise. That alone should disqualify them from getting a bigger role in bank supervision. And if you read their pronouncements, they plan to continue to use them, and have the process run by….a monetary economist! Help me! Bernanke also conveniently ignores the fact that the rally might also have a wee bit to do with the fact that he threw a bit over $1 trillion at the markets, as announced in mid-March.
I could go on, but you get the picture. The Fed seems to believe its own PR.