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swamppolitics.com - 12/17/2008
Federal Reserve goes deep
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by Frank James Federal Reserve Chairman Ben Bernanke and the rest of the central bank policymakers decided to throw the long ball down the field to the end zone when everybody thought they were just going to try and pick up the first down. By announcing plans to keep a key-interest rate ...
federalreserve.gov - 12/16/2008
FRB: Press Release--FOMC statement--December 16, 2008
— federalreserve.gov — Release Date: December 16, 2008 For immediate release The Federal Open Market Committee decided today to establish... a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee's last meeting, labor market conditions have ... (more) FRB: Press Release--FOMC statement--December 16, 2008

Comments vote down Calculated Risk found this 12/16/2008found this
Henry Paulson - Person of the Year 2008
time.com - 12/17/2008
Henry Paulson - Person of the Year 2008
— time.com — When he arrived in Washington as Secretary of the Treasury in the summer of 2006, Henry M.... (Hank) Paulson Jr.'s top priority was to make certain that his department would have independence and clout. If he was giving up the top job at Goldman Sachs, ... (more) Henry Paulson - Person of the Year 2008

Comments vote down Politics Daily found this 12/17/2008found this
ourfuture.org - 12/18/2008
MSNBC's Maddow: Did America Get Punked On the Bailout? Yes...Now Here's What to Do.
— ourfuture.org — I appeared on Rachel Maddow's MSNBC show last night to discuss my latest newspaper column about the... bailout . You can watch the clip here . Rachel's first question really is the question of our time: Did we get punked? As progressive bailout critics ... (more) MSNBC's Maddow: Did America Get Punked On the ...

Comments vote down DownWithTyranny! found this 12/18/2008found this

Blog Reactions

Firedoglake:  Early Morning Swim

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Blog Reactions

Early Morning Swim
Firedoglake — ... Blago impeachment on hold...because of Fitz? JJJ was was an informant. Meet Obama's Secretary of Agriculture. Bowers runs down the recent appointments. The never-ending Minn. recount. The Fed goes deep. Party of personal responsibility! Digby and the anti-Lincoln brigade. Slam Dunk, screaming about "the Jews" while drunk.

Related: federal reserve
Interest Rates Are Zero. What Does the Federal Reserve Do Now?
redstate.com 12/16/2008 — The Federal Reserve’s tool of choice for setting and communicating its broad monetary policy has been the level of the “Fed Funds rate.” You’ve heard many times that the Fed raises or lowers interest rates to cool down or heat up the economy. “Fed funds” is the nickname for the reserve ...
Fed Makes History: Shoots All Bullets and Lowers Rates to as Little as ZERO
thewashingtonnote.com 12/16/2008 — The Federal Reserve Board just reduced the federal funds rate to a range between zero and 1/4 of a point. Unbelievable. The Fed is also moving on a bundle of other fronts to hold this economy together and to try and get loans and financing ...
One Quarter Percent – Has the Fed Learned Nothing?!! — The Moderate Voice
Earlier this year I showed how this entire credit crisis is the fault of the Federal Reserve due to their completely inept handling of interest rates as we came out of the last recession. See ...
Federal Reserve Moves Into Uncharted Territory — The American Mind
What’ more interesting than the Federal Reserve dropping short term interest rates to a range of 0-0.25% is what creative things Ben Bernanke will do next when the Fed finds their latest effort has been ineffective. Right now, the Fed is pushing on a string. More credit and liquidity ...
US rates slashed to nearly zero — Democratic Underground Latest Breaking News
Source: [b]BBC News[/b] The US Federal Reserve has slashed its key interest rate from 1% to a range of between zero and 0.25% as it battles the country's recession. In its statement, the Federal Reserve warned that "the outlook for economic activity has weakened further". It predicted ...
Hale "Bonddad" Stewart Is Scared — J. Bradford DeLong's Grasping Reality with All Eight Tentacles
The Federal Reserve reacts to the fact that the economy train has arrived in Depression City. Stewart writes: Hale "Bonddad" Stewart: The Fed's Kitchen Sink Interest Rate Policy : The Fed announced their policy of establishing "a target range for the federal funds rate of 0 to 1/4 ...
Federal Funds Rate Record Low Point: Fed Makes Historic Cut — Politics on HuffingtonPost.com
WASHINGTON — The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank on Tuesday said it had reduced the federal funds rate, the ...
Federal Funds Rate Record Low Point: Fed Makes Historic Cut — The Huffington Post | Full News Feed
WASHINGTON — The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank on Tuesday said it had reduced the federal funds rate, the ...
"Bamboozled": Fed refuses to disclose recipients of $2 trillion in loans — Crooks and Liars
Who could have predicted that the Federal Reserve would abuse it's authority by giving away over $2 trillion in "emergency loans" and then refuse to disclose the recipients of those loans when faced with a FOIA request by Bloomberg? Bloomberg : The Federal Reserve refused a request by ...
Who got $2 trillion in “emergency” Fed Reserve loans? — No Runny Eggs
(H/T - Dad29 ) Bloomberg L.P. is trying to find out, but the Federal Reserve has refused a FOIA request asking for the recipients of more than $2,000,000,000,000 in emergency loans from 11 Fed lending programs, as well as the assets the Fed accepted as collateral. A majority of that, $1.23 ...
Federal Reserve Refusing To Disclose Who Got Bailout Loans — Say Anything
It’s our tax money being spent on ineptly-run businesses, but we’re not allowed to know which businesses got it. Dec. 12 (Bloomberg) —The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. ...
The problem with Daschle's Federal Health Board — Corrente
PNHP What is relatively unique in Daschle’s proposal is the recommendation for a Federal Health Board, based on a model similar to the Federal Reserve System. One of the more important functions would be to provide oversight of the private insurance industry in his multi-payer system, a ...
Fed ready to slash rates amid deepening recession (AP) — Yahoo! News: Politics News
AP - As unemployment rises painfully higher and nest eggs are shattered, the Federal Reserve is prepared slash a key interest rate — perhaps to an all-time low — in a desperate bid to stem the country's economic slide.