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The Big Lie of the Federal Reserve Gangsters
2008-10-05 10:28:00 Prelude to Catastrophe MovieOne Nation Under Siege (1 hour 21 min)The Federal Reserve Bank RacketThe Federal Reserve is neither Federal nor a Reserve. Owned by a corrupt group of International Bankers, it is a privately owned monopoly, largely responsible for creating America's National Debt. It is also a parasitic and unnecessary entity that literally creates American currency out of nothing and then collects interest on the backs of taxpayers for doing so.The Federal Reserve Bank is a consortium of twelve private banks which are not part of the United States Government.These private banks purchase paper notes from the U.S. mint for printing cost or simply enter digital money into their computer then lend back the money plus interest to the people through member banks. The profits go into the share holders of the bank's pocket's, the U.S. public receives no benefit.Who owns the Federal Reserve? (1.24 min)The Primary Owners of the Federal Reserve Bank Are:1. Rothschild's of Lon...
The Big Lie of the Federal Reserve Gangsters
2008-09-28 07:15:00 The Federal Reserve Bank RacketThe Federal Reserve is neither Federal nor a Reserve. Owned by a corrupt group of International Bankers, it is a privately owned monopoly, largely responsible for creating America's National Debt. It is also a parasitic and unnecessary entity that literally creates American currency out of nothing and then collects interest on the backs of taxpayers for doing so.The Federal Reserve Bank is a consortium of twelve private banks which are not part of the United States Government.These private banks purchase paper notes from the U.S. mint for printing cost or simply enter digital money into their computer then lend back the money plus interest to the people through member banks. The profits go into the share holders of the bank's pocket's, the U.S. public receives no benefit.Who owns the Federal Reserve? (1.24 min)The Primary Owners of the Federal Reserve Bank Are:1. Rothschild's of London and Berlin2. Lazard Brothers of Paris3. Israel Moses Seaf of I...
Ultimate Solution To National Financial Crisis? Easy ? It?s Called ?One Wo
2008-09-21 21:48:00 President Bush, Fed Chair Ben Bernancke, Congress Mulling Obvious Solution To Mortgage Crisis — Sell Your Homes And Land To Foreign Countries’ Banking Institutions I, as has Congress, President Bush, and all of the “evil financial geniuses” in the wake of the largest... This is only a comment summary. Visit http://guntotingliberal.com to view the lastest content complete with some of the most outrageous original photoshops in the political blogosphere!
Secretary Henry M. Paulson, Jr. Federal Reserve American International Grou
2008-09-17 14:30:00 Press Briefing by Dana Perino and Secretary of the Treasury Henry Paulson VIDEO PODCASTStatement by Secretary Henry M. Paulson, Jr. on Federal Reserve Actions Surrounding AIG September 16, 2008 hp-1143Washington, DC-- Treasury issued the following statement by Secretary Henry M. Paulson, Jr. on Federal Reserve actions surrounding American International Group:These are challenging times for our financial markets. We are working closely with the Federal Reserve, the SEC and other regulators to enhance the stability and orderliness of our financial markets and minimize the disruption to our economy. I support the steps taken by the Federal Reserve tonight to assist AIG in continuing to meet its obligations, mitigate broader disruptions and at the same time protect the taxpayers. -30-FULL HISTORY: American International Group, Inc. (AIG) (NYSE: AIG)SOURCE: United States - Department of The Treasury
Federal Reserve Board, Treasury Department, authorizes Federal Reserve Bank
2008-09-17 14:17:00 Federal Reserve Board, with full support of the Treasury Department, authorizes the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) Release Date: September 16, 2008 For release at 9:00 p.m. EDT.The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve Act. The secured loan has terms and conditions designed to protect the interests of the U.S. government and taxpayers.The Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance. The purpose of this liquidity facility is to assist AIG in meeting its obligations as they come due. This loan wil...
Federal Reserve reports on government intervention for the housing crisis
2008-07-08 17:00:00 A Federal Reserve study released Monday states that large-scale government intervention in the US housing crisis would be counterproductive and prevent a "necessary" correction in home prices.
No End In Sight For U.S. Banking Crisis
2008-06-07 05:31:00 The Wall Street Journal, with a little bit of help from federal regulators, managed to torpedo hopes earlier today that the United States was approaching an end to a banking crisis brought on by the housing bust. Michael Corkery, Jonathan Karp, and Damian Paletta wrote: Until now, most of the damage to banks from the ...
By: Boom2Bust.com
Lacker: The Fed?s Fletcher Christian
2008-06-07 03:51:00 Captain Bligh: I wonder why an alleged gentleman should give his first loyalty to ordinary seamen. Fletcher Christian: Instead of to other alleged gentlemen? Captain Bligh: Impertinence noted. It shall be logged. Do you care to enlarge the entry? Fletcher Christian: Yes, only with this observation, which I will report to the Admiralty in any case: ...
By: Boom2Bust.com
Approval of Proposal By Bank of America
2008-06-05 23:50:00 The Federal Reserve Board on Thursday announced its approval of the notice of Bank of America Corporation, Charlotte, North Carolina, to acquire Countrywide Financial Corporation ("Countrywide"), Calabasas, California, and thereby indirectly acquire Countrywide Bank, FSB, Alexandria, Virginia, and certain other nonbanking subsidiaries of Countrywide. Attached is the Board’s Order relating to this action. Attachment (1.38 MB PDF) Bank ...
What Will The Federal Reserve Do June 25th?
2008-06-04 12:14:00 Fed Funds Implied Probability Ben Bernanke says US Monetary Policy is ‘well positioned’; Wachovia fell for second day after ousting CEO Kennedy Thompson; Analysis by Mark Howard, Barclays Capital Head of Credit Analysis. Ben Bernanke, Central Banking, Discount Rate, Fed Funds, Federal Open Market Committee FOMC, Federal Reserve, Monetary Policy, mortgage news, Mortgage Video, ...
Minutes of Federal Open Market Committee, April 29 and 30, 2008
2008-05-21 20:46:00 The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 29-30, 2008. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the April 29-30, 2008 meeting is also included as an addendum to these minutes. The ...
Gold, Greenbacks, And Government Intervention
2008-05-16 06:06:00 I remember reading a rather significant article by MarketWatch?s Peter Brimelow last fall. As someone who follows precious metals religiously, I had already been aware of the claims made by groups such as the Gold Anti-Trust Action Committee, or GATA, that the price of gold is being manipulated. However, on October 18, 2007, ...
By: Boom2Bust.com
Alan Greenspan: No Longer An American Idol?
2008-05-14 22:33:00 It sure is funny how Wall Street and investors around the world used to fixate on former Federal Reserve Chairman Alan Greenspan. Every word, every action of the economist was scrutinized to no end as if correctly deciphering it would mean untold riches. Conducting this process was all the more impressive considering the ...
By: Boom2Bust.com
The Death Nel Rings For The Federal Reserve
2008-05-12 03:04:00 Though not apparent at the moment, the ringing of the Death Nel is getting louder each day for the Federal Reserve and its Fiat Monetary Debacle. In fact, there are few that have even heard it's ringing, but soon it will toll louder and louder. As more and more of the People of this country awaken to the devious functions of the Federal Reserve and its partner in crime, the government and its pandering politicians, the time is close at hand when they will no longer allow such reckless and illegal shenanigans. Along with the welcomed death of this hideous quasi-governmental monstrosity called the Federal Reserve, will come the end of our government, as we know it. When enough People realize what has actually taken place and what the government, along with their banking partners have done to this country then they really will be up in arms.There is one incredibly fantastic trait inherent within all Fiat Monetary Systems and that is that they are mathematically impossible to sustain i...
Big Government Responsible for Housing Bubble, by US Rep. Ron Paul
2008-05-11 07:00:00 The House passed two bills attempting to rehabilitate the housing and mortgage market this week. There doesn't seem to be any shortage of criticism and blame for the bad decisions, and rightly so. Lenders and banks do share much of the blame for the overheated market. Lending standards were relaxed, or even abandoned altogether, creating an exaggerated pool of homebuyers that led to ballooning home prices that many, especially real estate investors, expected to continue forever. Now that the bubble has burst, the losses are staggering. read more
Congressman Paul Questions Former Fed Chairman Volcker
2008-05-11 07:00:00 This morning at a Joint Economics Committee Hearing Congressman Ron Paul had the opportunity to question former Federal Reserve Chairman Paul Volcker on the economy and the credit crisis. The hearing was entitled ?Wall Street to Main Street: Is the Credit Crisis Over and What Can the Federal Government Do to Prevent Unnecessary Systemic Risk in the Future?? read more
Mortgage Delinquencies and Foreclosures
2008-05-06 20:01:00 President Bollinger, Dean Hubbard, Co-Chairman Kravis, and distinguished guests, I am very pleased to be here and especially honored to receive the Columbia Business School’s Distinguished Leadership in Government Award. �This evening I would like to offer a few thoughts on mortgage markets and the recent increase in the pace of delinquencies and foreclosures.� My ...
[Dumbass] Federal Reserve Chairman Ben Bernanke, speaking in dire tones wit
2008-05-06 14:46:00 USA Today
Glenn Beck, Federal Reserve, Free Money, and AngryRenter.com
2008-05-05 18:23:00 FreedomWorks Chairman and former House Majority Leader, Dick Armey, discusses FreedomWorks' newest initiative opposing housing the bailout, AngryRenter.com, with CNN's Glenn Beck. Here's the truth behind the housing bailout.
Federal Reserve Backs Proposing Reforms On Credit Card Rules
2008-05-03 06:43:00 Credit card fees, which a lot of consumer groups, have called out as unfair and abusive are in the news again. Today, the Federal Reserve Board proposed changes, which some believe have been a long time coming. From the Federal Reserve’s press release: The Federal Reserve Board on Friday proposed rules to prohibit unfair practices regarding credit ...
US Federal Reserve cuts rates by 25 bps
2008-05-01 19:32:00 US Federal Reserve has cut both Fed funds rate and discount rate by a quarter-point to 2% and 2.25% respectively. This is the seventh rate cut since September 2007. After a two-day meeting, Fed... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Fed Votes to Cut Rate a Quarter-Point to 2%
2008-04-30 18:24:00 Exclusive: Fed Votes to Cut Rate a Quarter-Point to 2% The Federal Reserve is�Cutting Rates Another 25bp; Fed Says “Substantial” Easing to Date Should Promote Growth, Financial Markets Remain Under “Considerable Stress”; Vote 8-2, With Plosser and Fisher Dissenting; Uncertainity About Inflation “Remains High” and Economic Activity “Remains Weak” No Tags
Housing Slump Continues?
2008-04-30 18:08:00 Housing prices continue to fall in 20 major metropolitan areas, according to the S&P/Case-Shiller home-price index released yesterday (Tuesday). The index dropped 12.7% in February from a year ago, a bigger drop than was anticipated and the largest decline since the index?s inception in 2001. The index has had back-to-back monthly declines since January 2007 as ...SHARETHIS.addEntry({ title: "Housing Slump Continues…", url: "http://jutiagroup.com/2008/04/-30/housing-slump-continues/" });
By: Jutia Group
How Is Alan Greenspan To Blame?
2008-04-26 19:10:00 Critics are blaming Alan Greenspan for today’s financial crisis, but now the former Federal Reserve chief is fighting back. Greenspan sets the record straight in an exclusive interview. Part 1 Part 2 What are others saying about Alan Greenspan Alan Greenspan unfair blame for sub prime crisis… Why do people blame Alan Greenspan for the sub-prime crisis? He lead ...
Politicians Equal Armageddon
2008-04-22 15:22:00 Came across the following this morning from MarketWatch columnist Paul B. Farrell: Four years ago Stephen Roach, chairman of Morgan Stanley Asia, warned that we had only a 10% chance of avoiding ?economic Armageddon.? George Soros, Bill Gross, Jeremy Grantham and others saw it coming. But not politicians: Alan Greenspan, Ben Bernanke and Henry Paulson knew, ...
By: Boom2Bust.com
Federal Reserve Chairman, Mr. Bernanke, On US Economy
2008-04-22 04:53:00 Yes, as you’ve noticed, I’ve been away a bit. You guys didn’t get too lonely did ya? I’m OK, I‘ve just been busy, busy, busy...but I’m back now and here’s the scoop: The economy is in bad shape. I hope that bit of top secret info didn’t cause you guys too much shock, they(the Feds, etc.) have pulled the wool over our sweet little sheep eyes again. I remember hearing the Federal Reserve Chairman, Ben Bernanke, say in the latter part of last year that we were not in for a recession, but I knew from the looks of things - jobs, gas, housing - that oh yes, we were in a recession in 2007 and certainly now in 2008 - the Feds always have a way of hiding the truth. It’s called lying, oh my, such a dirty word. You mean the federal government, our fine and distingished statesmen lied to us. Why treat us like this, we sheep haven’t done anything wrong, we’re always good little blind and nieve creatures...Why?...Why?...Why?A-merica might be the “promise land” but we don�...
Ron Paul Slams Federal Reserve For Destabilizing The World By Printing Mone
2008-04-19 22:15:00 US congressman Ron Paul has launched a scathing attack against the US Federal Reserve, which the Congressman claims is printing money in order to manipulate interest rates and undermine workers wages and old people’s savings.Paul, one of the few politicians with an insight into fiat money wrote "The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation."The Texan congressman went on to write in his column that the Federal Reserve “is the strangest, most dangerous advantage ever placed in the hands of a special privileged class by any Government that ever existed." Source: www.lankabusinessonline.com
NBER?s Feldstein Says U.S. In Recession
2008-04-17 06:59:00 Back on March 18, I wrote that Martin Feldstein, a Harvard economics professor, former Reagan advisor, and president of the National Bureau of Economic Research (which determines the dates of a recession), said the United States is in a recession that could be ?substantially more severe? than recent ones. Earlier today, Dr. Feldstein told ...
By: Boom2Bust.com
Federal Reserve to Blame for Global Financial Meltdown?
2008-04-16 17:41:00 Ron Paul slammed the Federal Reserve, and rightfully so, a couple of days ago. Here is an excerpt from Lanka Business Online… “Few Americans give much thought to the Federal Reserve System or monetary policy in general,” Ron Paul wrote in his column this week. “But even as they strive to earn a living, and hopefully save ...
Ron Paul slams Federal Reserve as US money printing de-stabilize world
2008-04-16 09:43:00 Texas Congressman Ron Paul has slammed the Federal Reserve for printing money to manipulate interest rates and undermining the salaries of workers and savings of older people. Paper money from pure fiat central banking, backed by nothing other than government debt - a process that was born after the gold standard was lifted by the United States which has led to rampant inflation since then - is a mystery to most ordinary people. Secretive System "Few Americans give much thought to the Federal Reserve System or monetary policy in general," Ron Paul wrote in his column this week. "But even as they strive to earn a living, and hopefully save or invest for the future, Congress and the Federal Reserve Bank are working insidiously against them. Day by day, every dollar you have is being devalued. "The greatest threat facing America today is not terrorism, or foreign economic competition, or illegal immigration. "The greatest threat facing America today is the disastrous fiscal po...
By: Circle of 13
Federal Reserve Emergency Lending
2008-04-14 02:59:00 The Federal Reserve Was Ready to Make Lending Available to Other Brokers on Same Day They Helped Out Bear Stearns; Borrowers at Discount Window Included Goldman Sachs, Morgan Stanley and Lehman Brothers. Bear Stearns, Federal Reserve, Goldman Sachs, Lenders With Problems 2007, Mortgage Defaults, Mortgage Delinquencies, Mortgage Implosion, mortgage news, Mortgage Video
Bailing Out Banks, by US Rep. Ron Paul
2008-04-13 07:00:00 There has been a lot of talk in the news recently about the Federal Reserve and the actions it has taken over the past few months. Many media pundits have been bending over backwards to praise the Fed for supposedly restoring stability to the market. This interpretation of the Fed's actions couldn't be further from the truth. The current market crisis began because of Federal Reserve monetary policy during the early 2000s in which the Fed lowered the interest rate to a below-market rate. The artificially low rates led to overinvestment in housing and other malinvestments. When the first indications of market trouble began back in August of 2007, instead of holding back and allowing bad decision-makers to suffer the consequences of their actions, the Federal Reserve took aggressive, inflationary action to ensure that large Wall Street firms would not lose money. read more
The Future Ain?t So Bright
2008-04-11 14:20:00 I?ve got a job waiting for my graduation Fifty thou a year — buys a lot of beer Things are going great, and they?re only getting better I?m doing all right, getting good grades The future?s so bright, I gotta wear shades -Timbuk3, The Future?s So Bright I Gotta Wear Shades (1986) Anyone remember this late eighties anthem of college graduates? ...
By: Boom2Bust.com
WSJ Survey: U.S. Economy In Recession, Further To Fall
2008-04-10 23:55:00 The Wall Street Journal?s Phil Izzo talked about the latest Journal forecasting survey of 55 economists. Izzo wrote: The weakening U.S. economy has further to fall, according to the majority of economists in the latest Wall Street Journal forecasting survey. By a 3-to-1 margin, respondents said the economy is in a recession, and almost three quarters ...
By: Boom2Bust.com
3/18 FOMC Meeting Minutes Released
2008-04-09 16:39:00 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee - FOMC on Tuesday released the attached minutes of the Committee meeting held on March 18, 2008, and of the conference call held on March 10, 2008. The minutes for each regularly scheduled meeting of the Committee ordinarily are ...
UPS Cuts Outlook on Lower Volume and Fuel Costs
2008-04-08 16:52:00 CNBC has a story about UPS cutting their outlook : UPS Cuts Outlook on Lower Volume and Fuel CostsUnited Parcel Service, the world's largest shipping carrier, cut its first-quarter profit guidance Tuesday, citing lower volume and higher fuel costs.The company said it now expects earnings per share of 86 cents or 87 cents. Previously, the company said it expected first quarter profit between 94 cents and 98 cents per share.Analysts polled by Thomson Financial were expecting earnings of 93 cents per share. UPS shares fell about 4 percent in electronic after-hours trading.The company said lower volume trends from February continued through March, making it impossible to meet its prior guidance.Atlanta-based UPS said a shift away from premium products and higher fuel costs also contributed to the guidance cut.Weaker dollar has lead to higher inflation affecting oil prices. The Federal Reserve faces a dilemma now as to low interest rates to save banks from imploding and stimulating the ...
By: Rant About It
Federal Reserve Can?t See A Bubble Coming Or Going
2008-04-08 15:13:00 Alan Greenspan, who only saw housing getting a little "frothy" in the first place, doesn’t seem to understand what it takes for prices to stabilize, nor how long this process is likely to take: April 8 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said the drop in U.S. home prices will probably end “well before” ...
By: HousingDoom
US Home Prices In 2009
2008-04-08 10:26:00 Bloomberg has a story about Greenspan's take on US home prices: Greenspan Says U.S. Home Prices May Stabilize in 2009Former Federal Reserve Chairman Alan Greenspan said the drop in U.S. home prices will probably end well before early next year as the number of houses on the market diminishes, aiding an economic rebound. It will not be until early 2009 that we will get close to having eliminated most of this home inventory, Greenspan told a conference in Tokyo today sponsored by Deutsche Bank AG and co-hosted by Bloomberg LP. But it is very likely that home prices will stabilize well before that. Greenspan added that the extent of damage stemming from the collapse of the subprime-mortgage market won't be known for months. He described the credit crisis as the worst in 50 years, echoing the assessment of International Monetary Fund economists. Once the markets start to stabilize, especially if the real economies don't go into a severe recession, then we can expect a recovery to b...
By: Rant About It
Bear Stearns CEO On The Hot Seat
2008-04-06 02:40:00 Bear Stearns CEO Alan Schwartz was in the hot seat on Capitol Hill as lawmakers review rescue plan. In the days leading up to the fire sale of investment bank firm Bear Stearns, the company was the topic of rumors, speculation and fear that led the venerable Wall Street firm to the brink of ruin. ...
Federal Reserve Offering Foreclosure Hotspot Maps Online
2008-04-04 20:07:00 The Federal Reserve announced Tuesday that they will now be offering maps of foreclosure hotspots where sub prime mortgages have contributed to widespread foreclosure and defaults. The maps, which are available online at www.newyorkfed.org/mortgagemaps-/, will display foreclosure trends by region, with the ultimate intention of helping community groups identify where they can focus their energies toward foreclosure prevention.
Paul Lectures Bernanke: U.S. Moving Towards Fascism
2008-04-03 17:38:00 anthony @ 16:35 Congressman says we’ve “given up on the Republic, freedom, the marketplace and sound money” Paul Joseph Watson - Thursday, April 3, 2008 The Federal Reserve’s insistence on rewarding its own failures by granting itself new powers was harshly rebuked by Congressman Ron Paul during yesterday’s Joint Economic Committee meeting, as Paul all but accused Ben ...
By: Suzie-Q
The Federal Reserve is a Private Financial Institution.
2008-04-03 00:48:00 The Court of Appeals, Poole, Circuit Judge, held that federal reserve banks are not federal instrumentalities for purposes of the Act, but are independent, privately owned and locally controlled corporations. read more | digg storyLiberty Central- Conservatism's Blog of Choice
The Specter Of Recession
2008-04-02 19:50:00 Earlier today, Fed Chair Ben Bernanke put a stake through the hearts of Pollyannas with his comments about the U.S. economy. The Wall Street Journal?s Sudeep Reddy wrote: Federal Reserve Chairman Ben Bernanke has uttered the ?R? word. Responding to a question at today?s Joint Economic Committee hearing, Mr. Bernanke said publicly for the ...
By: Boom2Bust.com
Bear Stearns and the New Federal Reserve
2008-04-02 07:00:00 On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm’s subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial bank, (i.e. institutions that ...
By: Resources zone
Before the JEC, on Regulation, by US Rep. Ron Paul
2008-04-02 07:00:00 I have never been opposed to regulation, although my idea of regulation differs from that of many people in Washington. The free market and its forces of supply and demand are the most effective regulator of the private sector, and have never been known to fail absent government intervention. But piling more public sector regulation on the private sector will have a detrimental effect on the health of our financial system and sow the seeds for the next financial meltdown. read more
Next Stop, Depression?
2008-04-02 00:32:00 Back on March 29, ABC News? David R. Francis talked about the economic forecast of Robert Parks, a finance professor at Pace University and former chief economist at three Wall Street firms. So, what?s so special about Parks that ABC News would be covering him? According to Francis, Parks is predicting that there ...
By: Boom2Bust.com
Bear Stearns and the New Federal Reserve
2008-04-02 00:00:00 On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm’s subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial bank, (i.e. institutions that ...
On Money, Inflation and Government, by US Rep. Ron Paul
2008-04-01 07:24:00 These past few weeks have provided an unfortunate opportunity to discuss inflation. The dollar index has reached new all-time lows. The total money supply, M3, as calculated by private sources, is growing at a disturbing 17% rate. The Fed is pumping dollars into the economy at an alarming rate. Just recently the Fed announced new loan auctions totaling $100 billion. That is new money created from thin air. If these money auctions, combined with the bailout of Bear Stearns, continue to be the trend, we are in for some economic stormy weather. The explanation lies in understanding the basics of money, and why it is dangerous to give government and big banks control over it. First, money is not wealth, in and of itself. You cannot create more wealth simply by creating more money. Wall Street bankers cry out for more liquidity, but what is really needed is more value behind the dollar. But the value, unfortunately, isn't there. read more
Secretary Henry M. Paulson, Jr. on Blueprint for Regulatory Reform VIDEO
2008-04-01 02:27:00 Remarks by Secretary Henry M. Paulson, Jr. on Blueprint for Regulatory Reform FULL STREAMUNG VIDEOLINKS in PDF FormatPress ReleaseReportFact SheetWashington, DC--Good morning, everyone. A strong financial system is vitally important - not for Wall Street, not for bankers, but for working Americans. When our markets work, people throughout our economy benefit ? Americans seeking to buy a car or buy a home, families borrowing to pay for college, innovators borrowing on the strength of a good idea for a new product or technology, and businesses financing investments that create new jobs. And when our financial system is under stress, millions of working Americans bear the consequences. Government has a responsibility to make sure our financial system is regulated effectively. And in this area, we can do a better job. In sum, the ultimate beneficiaries from improved financial regulation are America's workers, families and businesses ? both large and small.Today I am pleased to release ...
Secretary Paulson Proposes Financial Overhaul
2008-03-31 20:14:00 Big changes are in store for the U.S. financial system. Treasury Secretary Henry Paulson announced a list of goals earlier today that include a broad expansion of the Federal Reserve’s powers. Under Paulson’s plan, the Fed would essentially serve as a financial markets moderator. If enacted, the changes would reportedly be largely invisible to consumers but ... |
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