Federal Reserve
Was the Financial Bailout Just a Slick, Friendly Takeover of the Federal Government? by Bill Moyers
The following is excerpted from the transcript of Bill Moyers' interview with Dem Rep. Marcy Kaptur and former head of the IMFSimon Johnson from PBS's Bill Moyers Journal.
Bill Moyers: I sat in a theater packed with passionate moviegoers, every one of them seemingly aghast at the Wall Street skullduggery exposed by Michael Moore in his latest film. It's called 'Capitalism: A Love Story.' Here's an excerpt:
5 Ways the Government Used Our Money to Save Big Banks and Screw Us by Niomi Prines & Christopher Hayes
As we mark the end of the first year of the financial bailout, the public seems to regard the government's actions with a toxic combination of rage and confusion. People are pissed off but too bewildered to know what to do with that anger. The confusion isn't an accident. The government hasn't exactly been forthcoming about how it's made buckets of money available to the banking sector.
Priceless: How the Federal Reserve Bought the Economics Profession by Ryan Grim
The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.
Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’ by Daniel Tencer
The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.
Fed Up? Fed Out! by Mark Drolette
Today, I’m going to explain the Federal Reserve System. Hey, where ya goin’?
First: It’s not really federal. Nor are there reserves. (Not many, anyway.) It is a system, however. (Well, a scam, actually, but those behind the 1913 Federal Reserve Act that birthed the Fed bypassed that identifier, for some reason.)
And, prey (that’s you), who backed the act?
Fed Dread by Eliot Spitzer
The New York Fed is the most powerful financial institution you've never heard of. Look who's running it.
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