Credit rating firm cuts government rating AGAIN as Federal Reserve announces plan to pump money into the economy

http://www.dailymail.co.uk/news/article-2203369/World-stock-markets-rise-U-S-Federal-Reserve-announces-plan-pump-money-economy–U-S-credit-rating-drops.html Egan-Jones cut rating on U.S. debt from AA to AA- But European stock markets rose as U.S. announced it will pump $40bn into economy a month FTSE soared to 5915.55 following news of QE Greece and Spain given stay of execution on meeting financial targets Eurogroup finance ministers meet in Cyprus to discuss measures […]

Fed chief Ben Bernanke passes the blame on LIBOR scandal saying Feds did everything they could

http://www.dailymail.co.uk/news/article-2175148/Fed-chief-Ben-Bernanke-passes-blame-LIBOR-scandal-saying-Feds-did-could.html By Daily Mail Reporter and Associated Press PUBLISHED: 20:29 EST, 17 July 2012 | UPDATED: 20:30 EST, 17 July 2012 Federal Reserve Chairman Ben Bernanke has come under fire for passing the buck on the LIBOR scandal insisting the agency had done everything in its power to respond to evidence of banks alleged rate-fixing. […]

New York Federal Reserve knew about Libor rate-fixing issues as far back as 2007 and proposed changes but were ignored

http://www.dailymail.co.uk/news/article-2171646/Libor-scandal-New-York-Federal-Reserve-knew-rate-fixing-issues-far-2008.html Questions over whether Fed did enough over Libor concerns Then-New York Federal Reserve chairman Tim Geithner calendar included ‘Fixing LIBOR’ meeting in 2008 Fed says got anecdotal Barclays reports of Libor problems and shared suggestions for reform with UK authorities By Reuters Reporter PUBLISHED: 14:32 EST, 10 July 2012 | UPDATED: 15:55 EST, 10 […]

American families lost almost TWO DECADES in the Great Recession as median wealth fell 40 percent to levels not seen since 1992

http://www.dailymail.co.uk/news/article-2157881/Family-wealth-fell-1992-levels-Great-Recession.html A Federal Reserve survey found median family net worth fell from $126,000 in 2007 to just $77,000 in 2010 The collapse of the housing bubble, which sent home prices plummeting, was the biggest reason for the decline in wealth By Associated PressPUBLISHED: 18:05 EST, 11 June 2012 | UPDATED: 18:08 EST, 11 June 2012 […]

IRS Travel Ban: Revoking Citizenship By Stealth

http://www.infowars.com/irs-travel-ban-revoking-citizenship-by-stealth/ Provision that allows feds to suspend passports of accused tax delinquents expected to pass Congress Paul Joseph Watson & Alex Jones Infowars.com Monday, April 16, 2012 Efforts to pass a bill that would allow the IRS to deny travel rights to U.S. citizens who the feds merely claim owe $50,000 or more in delinquent […]

IMF chief calls on US for more cash

http://timesofindia.indiatimes.com/business/international-business/IMF-chief-calls-on-US-for-more-cash/articleshow/12522131.cms AFP | Apr 3, 2012, 09.12PM IST WASHINGTON: IMF managing director Christine Lagarde implored the United States to help back-stop debt-ridden European countries Tuesday, wading neck-deep into bubbling US political waters. Speaking in the US capital, Lagarde said the 187-nation International Monetary Fund needed more firepower to tackle financial crises raging around the globe, […]

Four large US banks fail stress tests

http://ca.news.yahoo.com/citi-ally-suntrust-metlife-fail-stress-tests-205649742.html Citigroup was one of four large US banks that flunked stress tests aimed at seeing how they would hold up in a new economic crisis, Federal Reserve data showed Tuesday. Three others — Ally, Suntrust and MetLife — also failed the tests, while 15 other large bank holding companies passed the exercise, the Fed […]

Fed Unveils Doomsday Scenario for Banks

http://www.cnbc.com/id/46709890 Published: Monday, 12 Mar 2012 | 5:37 PM ET By: CNBC.com and wires The Federal Reserve released its “worst-case scenario” bank stress test criteria Monday and said it will release full results Thursday at 4:30 p.m. ET.  The Fed will look at how the nation’s 19 largest banks would survive a world with a […]

Federal Reserve to make public its own interest rate forecasts

http://www.guardian.co.uk/business/2012/jan/03/federal-reserve-make-public-interest-rate-forecasts • Fed hopes move will calm jittery investors • Manufacturing sector expands at fastest rate in six months Dominic Rushe guardian.co.uk, Tuesday 3 January 2012 16.10 EST Fed moves towards more transparency as manufacturing sector expands at a quicker pace than analysts expected. Photograph: Rick Bowmer/AP In an effort to calm jittery stock market […]

New Asian Union Means The Fall Of The Dollar

http://www.alt-market.com/articles/462-new-asian-union-means-the-fall-of-the-dollar Friday, 30 December 2011 12:23 Brandon Smith One of the most frustrating issues to haunt the halls of alternative economic analysis is the threat of misrepresentative terminology.  For instance, when the U.S. government decided to back the private Federal Reserve in lowering the interest rates on lending windows to European banks last month, they […]