Top Federal Reserve News, Videos, and Blogs - BeltwayBlips

Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle

Fri, 20 Nov 2009 10:56:16 +0000

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the ...

MoJo Blog Posts: mojo found this 4 days ago on huffingtonpost.com

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Audit the Fed

Mon, 23 Nov 2009 11:02:00 +0000

As you may have heard, a House panel has voted to audit the fed. The move, led by Congressman Ron Paul, would give Congress more authority and oversight over actions taken by the Federal Reserve. I'm no economic expert, but H.R. 1207 is one of the most important pieces of legislation ever ...

MichelleHeart posted 38 hours ago from missmichellematthews.blogspot.com

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Congress is losing its patience with the Fed

Mon, 23 Nov 2009 10:00:00 +0000

Suddenly the Federal Reserve is everybody's punching bag.

Blue Commonwealth - Front Page found this 39 hours ago on msnbc.msn.com

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Analysis: Fed under fire as public anger mounts (AP)

Mon, 23 Nov 2009 13:25:42 +0000

AP - Suddenly the Federal Reserve is everybody's punching bag.

The Note found this 35 hours ago on news.yahoo.com

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Audit The Fed Effort Wins Support From An Unusual Coalition

Sun, 22 Nov 2009 14:13:06 +0000

An unusual coalition of progressive economists, labor leaders, and bloggers has decided to fight back against a congressional amendment that would allow the Federal Reserve to continue operating in secrecy. In a Thursday letter to the House Financial Services Committee, economists like Dean ...

Blog For Arizona found this 2 days ago on huffingtonpost.com

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AIG Bailout: Government Overpaid Wall Street Banks In Rescue, Says TARP Watchdog

Tue, 17 Nov 2009 13:26:08 +0000

WASHINGTON — Officials managing the multibillion dollar bailout of insurance giant American International Group Inc. bungled the first rescue and may have overpaid other banks to wind down AIG's business relationships, a government watchdog says. The Federal Reserve Bank of New York ...

The Agonist - thoughtful, global, timely found this 7 days ago on huffingtonpost.com

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The Independence of the Fed at Risk: Watt versus Paul-Grayson

Sun, 22 Nov 2009 13:03:03 +0000

Representative Mel Watt (D-NC) is out to protect the independence of the Fed from the risk of an intrusive audit from the Government Accountability Office (GAO). The risk comes in the form of a bill initiated by Ron Paul and Alan Grayson that calls for an audit of the Fed. The bill, which now ...

The Hollywood Liberal found this 2 days ago on tpmcafe.talkingpointsmemo.com

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Video: Sen.Gregg knocks curbs on Fed role

Thu, 19 Nov 2009 20:47:46 +0000

Republican U.S. Senator Judd Gregg on Wednesday criticized the Democrats' plan to impose sweeping curbs on the Federal Reserve.

MediaMan posted 5 days ago from politicalnewslive.blogspot.com

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Paul-Grayson “Audit the Fed” Bill Passes Financial Services Committee

Sat, 21 Nov 2009 01:31:53 +0000

[ Ed. Note : Jane was one of the signatories on a letter that went out this morning criticizing the Watt amendment and urging passage of the Paul-Grayson proposal. It is reported that Grayson handed out copies of the letter--also signed by labor leaders such as Richard Trumka, Andy Stern, ...

Politics on HuffingtonPost.com found this 3 days ago on news.firedoglake.com

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Ron Paul and Jim DeMint: Americans Deserve a Transparent Fed

Thu, 19 Nov 2009 16:39:29 +0000

RON PAUL AND JIM DEMINT For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the ...

News found this 5 days ago on online.wsj.com

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House Panel Backs Plan to Audit the Fed

Fri, 20 Nov 2009 03:30:56 +0000

WASHINGTON In a display of populist anger toward the Federal Reserve , a House panel voted on Thursday to let Congress carry out sweeping new oversights of the central bank’s policy decisions and operations. The House Financial Services Committee approved a measure proposed by Representative ...

Below The Beltway found this 4 days ago on nytimes.com

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House panel approves Paul's Fed audit

Thu, 19 Nov 2009 23:16:55 +0000

They approve Ron Paul’s measure to expand the government’s power to audit the Federal Reserve.

Little Green Footballs found this 5 days ago on politico.com

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Panel Mulls Federal Reserve Audits

Fri, 20 Nov 2009 00:02:50 +0000

Members of the House Financial Services Committee struggled Thursday over how much authority U.S. government auditors should be given to monitor the Federal Reserve.

Firedoglake found this 5 days ago on online.wsj.com

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Report: Billions wasted in AIG bailout

Wed, 18 Nov 2009 13:01:11 +0000

Sean Lengell The Federal Reserve's initial emergency plan last fall to save then-failing American International Group was so hastily put together and poorly structured that it resulted in billions of additional taxpayer dollars spent on the insurance giant, says a new report by a Treasury ...

Pirate's Cove found this 6 days ago on washingtontimes.com

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The populist politics of financial regulation

Thu, 12 Nov 2009 14:15:53 +0000

The more I think about Dodd's financial regulation bill , the more I think the politics are going to be surprising. Its biggest surprise, for instance, is how much power it takes from the Federal Reserve, and how much it does to make the central bank more accountable to Congress. But Fed ...

Matthew Yglesias found this 12 days ago on voices.washingtonpost.com

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Why The Federal Reserve Needs To Be Independent

Fri, 13 Nov 2009 01:01:00 +0000

There are several bills that have been proposed in Congress directed at the Federal Reserve. The two most prominent proposals are Senate Banking Committee Chairman Christopher Dodd’s bill to take away most of the Fed’s regulatory authority , and Congressman Ron Paul’s bill to force the Fed to ...

Angry Bear found this 11 days ago on moneywatch.bnet.com

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Rep. Alan Grayson Passes Bill to Audit the Fed (video)

Fri, 20 Nov 2009 01:13:36 +0000

Rep. Alan Grayson argues in support of the Paul-Grayson amendment, which would subject the Federal Reserve to a complete audit. The amendment later passed th...

Politics on HuffingtonPost.com found this 4 days ago on youtube.com

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Dodd aims for Bernanke confirmation by year's end

Fri, 20 Nov 2009 16:27:11 +0000

The Senate is likely to take action on Ben Bernanke's nomination to a second term as chairman of the Federal Reserve by year's end. Sen. Chris Dodd (D-Conn.), the chairman of the Senate Banking Committee, said the Senate would hopefully begin hearings on Bernanke's renomination in the next few ...

Home/News found this 4 days ago on thehill.com

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David Ignatius on efforts to curb the Federal Reserve

Mon, 16 Nov 2009 14:14:32 +0000

Among the cherished prerogatives of members of Congress is the right to second-guess. That ritual is playing itself out with a vengeance as the solons of Capitol Hill attack the Federal Reserve for its role in last year's financial crisis.

Matthew Yglesias found this 8 days ago on washingtonpost.com

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Audit The Fed Effort Under Threat In House

Wed, 18 Nov 2009 03:01:16 +0000

A bipartisan effort to force transparency on the Federal Reserve is suddenly in jeopardy after a House Financial Services Committee member introduced an amendment that would let the multi-trillion dollar organization continue throwing tax dollars around in secret. Rep. Mel Watt, a Democrat ...

LewRockwell.com Blog found this 6 days ago on huffingtonpost.com

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