The Federal Reserved reached into public funds — about $1.2 trillion — to help bail out banks during the 2008 financial crisis, a new report reveals. A Freedom of Information Act request put together by Bloomberg has allowed for the hard numbers to finally be made available to the public about the loans the Fed dished out to keep financial firms afloat in the midst of an economic collapse. The... 

Lack of post-crisis prosecutions of fraudulent bankers is dangerous, says investigative journalist Matt Taibbi. The fact that those responsible for the recent economic crisis have not been held accountable is setting a very dangerous trend, believes investigative journalist Matt Taibbi, author and contributing editor to Rolling Stone magazine. “The number one thing that came out of this whole period... 

A bank-owned home in Miami, Fla., where foreclosure sales made up 39.7 percent in the most recent quarter, according to RealtyTrac. Analysts expect more foreclosures in early 2011. Over the holidays, many lenders put foreclosures on hold. But that temporary freeze is over now. Industry watchers are expecting thousands of foreclosed properties to hit the market in the weeks and months ahead. Home foreclosure... 

These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009. The... 

Obama US government will be handed the power to seize control of a failing bank and derivatives trading will be subject to new controls. Wall Street banks face their toughest clampdown since the Great Depression after the US Senate passed Barack Obama’s banking reform bill. In a historic change, the US government will be handed the power to seize control of a failing bank to avoid a collapse... 

TODAY THE FEDERAL RESERVE, America’s private central bank, began to ship billions of dollars to the central bankers of Europe in an attempt to stem the fall in the value of the euro created by Greece’s debt crisis. The total value of the deal could easily top $1 trillion according to experts. Americans — suffering from high unemployment and a tanking economy themselves — are expressing... 

Ohio Man Bulldozing His Own House Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique. Hoskins said he’s been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home. “When I see I owe $160,000 on a... 

Bravo Goldman Sachs. You’ve done it again. As in the U.S. subprime crisis,  this house of ill repute created a deal which helped the Greeks obscure billions in debt from the budget overseers, then charged the Greeks hundreds of millions of Euros for helping them hide the debts.  Classic Goldman Sachs policy, says the great economist Taki, the house of shame having been and being as I write the... 

The bailout of Greece will only act as a 'sticking plaster' for the Euro crisis, the bank warned yesterday The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday. Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide ‘sticking plasters’ to cover the deep-... 

Washington has so thoroughly botched its supervision of the banking industry that 200 banks are likely to fail this year — easily surpassing last year’s 140 bank failures … inevitably involving the greatest bank losses in history … and already costing the FDIC ten times more than the great S&L and banking crisis of the 1980s did. I am not basing these conclusions on conjecture. They com... 

by James Buchanan A recent Reuters article reports “The U.S. recession is set to end ’soon,’ but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. The survey of 45 professional forecasters released by the National Association of Business Economists (NABE) on Wednesday found almost... 

Mr. Rockefeller, you should be ashamed to lash out at a bastion of liberty and free speech, but your tirade is to be expected. After all, you’re nothing more than a bag man for Big Coal, which you slavishly serve and help rape your beautiful state for a handful of coins. You’re also part of the “Wars for Empire and Israel” crowd, voting for the illegal and immoral Iraq War... 

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