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That’s what Business Insider calls this chart from Calculated Risk the scariest job chart ever We are in uncharted territory. Meanwhile The Fed continues, as always, doing as little as possible to regulate while siphoning money to a few from the rest of us. The Fed’s failures were legion, but five are worthy of [...] The Federal Reserve in their customary pose protecting the public So says WaPo, citing community organizations who as early as 1999 begged the Fed to act against subprime, to no avail. But Alan Greenspan, an extreme right wing Ayn Rand disciple, was in charge of the Fed then. He just loved subprime, and creating [...] Madoff trustee suing brother and sons Madoff trustee Irving Picard will file massive lawsuits against Madoff’s sons and brother saying as officers of the companies, they should have known about the fraud and if the civil suit bankrupts them, oh well. Bank Of America pulls funding from ACORN More than anything, the loss of corporate [...] Sen. Dodd (D-CT) wants to crack down on overdraft fees, so maybe you’ll just get dinged $10 for an overdraft instead of a larcenous $35. This must make him the champion of the little guy, right? Not hardly. He’ll toss you that little bone, but when it comes to the important issues, he’s right [...] Bloomberg filed an FIOA request with the Fed to get info about the bank bailouts. The Fed refused. Bloomberg went to court and a judge ruled the Fed must turn the documents over. Now banks are whining this would just be so unfair, put them at a competitive disadvantage, and probably cause the moon to [...] Oh really? He says it’s because they don’t want those icky politicians getting their grubby hands into the Holy of Holies that is the Fed and that’s why it shouldn’t be audited. Well, golly, there’s just so much wrong with the statement it’s hard to know where to begin. Fed decisions always have a political [...] |  | ||||
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