All Blog Posts Tagged 'financial' (66)

Everyone please check out Gio's reporting on the recent economic developments

I may be a little biased but I think he's doing a BANG UP job lately, and his economic reporting is not getting the attention it deserves (especially considering its time-sensitive nature).

To be honest, he's really been keeping the site afloat while I've been tied up with other sh**. And the frequency of blog posts has increased drastically over the past few weeks... perhaps because events are unfolding so rapidly...

Fellow Snardfarkers, we would appreciate your feedback… Continue

Added by agentOgden on September 8, 2009 at 10:00pm — 1 Comment

Bid to clip Fed's wings gains support in Congress

By Alister Bull

WASHINGTON (Reuters) - A proposal from a long-time congressional foe of the Federal Reserve that could give lawmakers sway over monetary policy has won the support of a majority in the House of Representatives, alarming officials at the U.S. central bank.

The Federal Reserve Transparency Act of 2009, put forward by Republican Representative Ron Paul of Texas, now has 250 co-sponsors in the House. It will get air-time on Thursday during a congressional hearing on… Continue

Added by Tara on July 9, 2009 at 9:40am — No Comments

Pope Calls for New Financial Order With ‘Real Teeth’ (Update1

By Flavia Krause-Jackson

July 7 (Bloomberg) -- Pope Benedict XVI called for a new financial order with “real teeth” as Group of Eight leaders prepare to discuss ways out of the worst recession since World War II.

“Profit is useful if it serves as a means toward an end,” he wrote in a letter to Catholic bishops worldwide published today. “Once profit becomes the exclusive goal, if it is produced by improper means and without the common good as its ultimate end, it risks… Continue

Added by Tara on July 7, 2009 at 11:39am — 1 Comment

Wohoo - US lawmakers voted to create a 9/11-style commission to probe financial crisis

From Washington's Blog.

Am I excited that "US lawmakers voted Wednesday to create a 9/11-style commission of experts to probe the causes of last year’s devastating financial meltdown and to draw lessons to prevent its recurrence"?

Of course.

The 9/11 Commission… Continue

Added by Jamie on May 7, 2009 at 8:57am — No Comments

The Geithner Bank Plan: What the Banks Don’t Want you to Know

It’s been over a week since Treasury Secretary Tim Geithner announced his Public-Private Partnership Investment Program designed to help the banks dump their “toxic assets”. As of late, the plan has received some much deserved criticism. Upon closer review, It’s my opinion that the plan won’t work in its current form because it fails to address one major question.

“What if the banks colluded to create a market price for these assets that is much higher than their actual… Continue

Added by Jamie on April 9, 2009 at 2:17am — No Comments

Memory Hole: Democrats caught defending Fannie & Freedie Mac from regulatory action

In light of the Obama administrations recent push for regulatory reforms to monitor the entire economy for risk and seize firms in cases where they pose a risk to the entire economy its necessary to examine the record of the past performance of the cabinet members.

Treasury Secretary Timothy F. Geithner has asked the congress to pass measures that would in summary,

* Give the Federal Reserve or another agency broad authority to oversee the entire economy for signs of… Continue

Added by Jamie on March 31, 2009 at 2:30pm — 1 Comment