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Ben Bernanke: Commissioner of the Economic Police Department?

Ben Bernanke: Commissioner of the Economic Police Department?

If it is not bad enough that the Federal Reserve has almost unlimited control over money and interest rates and can totally control the market from an office building, the Obama administration is proposing that the Federal Reserve serve as a regulator to detect activities …

Financial Firms Plan to Repay Bailouts

Financial Firms Plan to Repay Bailouts

Goldman Sachs and Morgan Stanley have formally asked the Federal Reserve for permission to repay their shares of $20 billion combined bailout funds out of the $700 billion made available last year to ailing financial corporations. Goldman Sachs, Morgan Stanley, and JPMorgan Chase & Co. …

Financial corporations’ corporate jets

A few weeks ago the executives of the Big 3 auto companies went to Washington to beg for money… One the first attempt they flew in their private jets, separately. Sure, that was a pretty bad mistake. At the same time, executives of bailed out …