Book Review: Bailout, By Neil Barofsky

Like millions of Americans worried over their shrinking retirement funds, I relied on www.sigtarp.gov to find the truth about where our tax dollars were going and to whom. Author Neil Barofsky headed SIGTARP as Special Inspector General over TARP which Congress authorized and funded to keep track and oversee the original TARP …

An Institutional Flaw At The Heart Of The Federal Reserve

The Baseline Scenario An Institutional Flaw At The Heart Of The Federal Reserve Posted: 14 Jun 2012 07:10 AM PDT By Simon Johnson. This is a long blog post, about 2,800 words. On the ?PBS NewsHour? in late May, Treasury Secretary Timothy Geithner indicated that the continued presence of Jamie …

Frank and Levin Call on Administration to Clarify Position on Capital Controls

WASHINGTON — Congressman Barney Frank, Ranking Member of the House Committee on Financial Services, and Congressman Sander Levin, Ranking Member of the House Committee on Ways and Means, today released a letter to Treasury Secretary Timothy Geithner, expressing concern over future U.S. free trade agreements if the very important subject of …

Quelle Surprise! Geithner Gutting Dodd Frank via Intent to Exempt Foreign Exchange –

A publication from Naked Capitalism I have mixed feelings about an article by Robert Kuttner, “Blowing a Hole in Dodd-Frank.” On the one hand, he’s found an important example of the Administration’s lack of interest in meaningful financial reforms, which is its intent to exempt foreign exchange derivatives from the …