The “1 Percent” Exodus

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Record numbers of wealthy Americans are leaving the country permanently — but why?

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Central Bank Band-Aid

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Why cheaper dollars won’t solve the underlying problems at the heart of the EU crisis.

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A Bailout Monstrosity

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Why the financial industry isn’t any more secure than before the meltdown.

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The Fed’s Failures

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Has the central bank done all it can do?

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John McCain: I was Misled on Bank Bailout – Arizona Republic

Under growing pressure from conservatives and “tea party” activists, Sen. John McCain of Arizona is having to defend his record of supporting the government’s massive bailout of the financial system. In response to criticism from opponents seeking to defeat him in the Aug. 24 Republican primary, the four-term senator says he was misled by then-Treasury […]

The Bernanke Nomination – WSJ.com

The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. Bernanke is confirmed, the lesson we draw is that overly political central bankers will eventually be undone by politics. There’s no doubt […]

Geithner’s New York Fed Pushed AIG To Keep Sweetheart Deals Secret – Huffington Post

An arm of the Federal Reserve, then led by now-Treasury Secretary Timothy Geithner, told bailed-out insurance giant AIG to withhold key details from the public about overpayments that put billions of extra tax dollars in the coffers of major Wall Street firms, most notably Goldman Sachs. The sordid tale unfolds in a series of e-mails […]

Ben Bernanke: Bust of the Year – by Vasko Kohlmayer

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Why should we expect the Fed Chairman to solve a crisis he didn’t see coming?

Washington Times – Report: Bernanke, Paulson misled on bailouts

Report: Bernanke, Paulson misled on bailouts
Monday, October 5, 2009

Sean Lengell
Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr. misled the public about the financial weakness of Bank of America and other early recipients of the government’s $700 billion Wall Street bailout, creating “unrealistic expectations” about the companies and damaging the [...]