Federal Reserve stories:
California Was Among States With Record Unemployment
Nov 20th, 2009 - Bloomberg
Nov. 20 (Bloomberg) -- California, Delaware, South Carolinaand Florida registered record rates of unemployment in Octoberas weakness in the labor market stretches from coast to coastand limits the economic recovery.
Joblessness rose in 29 U.S...The AIG Bailout Is Still A Mystery Shrouded In Lies
Nov 20th, 2009 - Silicon Alley Insider
Will we ever know why AIG was bailed out and why its credit default swap counterparties were made whole?
When AIG first began to ask for a bridge loan from the Federal Reserve...Republicans berate Geithner, call for him to resign
Nov 19th, 2009 - News & Observer
WASHINGTON -- Like a boxer under siege, Treasury Secretary Timothy Geithner on Thursday rebuffed calls from Republicans to resign and slugged it out with lawmakers over Obama administration economic policies.
UPDATE 4-Geithner, under fire, defends AIG bailout
Nov 19th, 2009 - Reuters
* Geithner pushes for single regulator for largest firms * Regulatory reform bills work through House, Senate * Senator Shelby wants 'complete rewrite' of Senate bill * Schumer...
UPDATE 1-Key Republican senator snubs US Senate regulation bill
Nov 19th, 2009 - Reuters
WASHINGTON, Nov 19 (Reuters) - A key Republican Senatorsaid on Thursday that he would not support a Democratic bill tooverhaul the country's financial regulation. Richard Shelby...
Federal Reserve videos from YouTube:
- Money, Banking and the Federal...Thomas Jefferson and Andrew Jackson understood "The Monster". But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy ...
- Zeitgeist - The Movie: Federal...Part 1 www.youtube.com Part 2 www.youtube.com Part 3 www.youtube.com Part 4 www.youtube.com Part 5 www.youtube.com "Zeitgeist - The Movie" is a three part film. The film, unedited, is two hours long ...
- Florida congressman Alan...: "Yes." Grayson: "hah-hah-hah-hah!" And really, can Ben Bernanke possibly be so ignorant of the history of the institution that he heads not to know what year the Federal Reserve Act was ...
- Rep. Alan Grayson: "Has...This is Rep. Alan Grayson asking Federal Reserve General Counsel Scott Alvarez about the Fed's independence.
Federal Reserve stories from Digg:
End the Fed Rallies Across America
Infowars | Rallies demanding an end of the Federal Reserve pick up momentum.(Political News)
NeoconBluesFri, Nov 20th, 20092 Diggs, 0 CommentsAlan Grayson Saves The Day On Federal Reserve Audit
Yesterday something truly startling happened. The American people won and the Establishment lost-- IN CONGRESS. That never happens. Alan Grayson and Ron Paul teamed up and made it happen-- against the wishes of their party leaders and, more important, against the wishes of the big banks that donimate the country and finance congressional campaigns.(Political News)
downwithtyrannyFri, Nov 20th, 20099 Diggs, 0 CommentsGreenspan, Volcker Opposed Ron Paul Audit Provision
In an effort to de-rail H.R.1207(House bill to audit the federal reserve) former banking chairmen Alan Greenspan & Volker pleaded in a letter to house committee chairmen & ranking republicans that an audit would have significant consequences. Nice try guys.(Political News)bdburckFri, Nov 20th, 20091 Diggs, 0 Comments
Federal Reserve from WikiPedia:
This article is part of the series:
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a series of financial panics or bank runs, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were some of the major factors leading to changes in the system. Its duties today, according to official Federal Reserve documentation, fall into four general areas:
Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.:
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