Looking for the Lenders’ Little Helpers

Temple= the US Federal Reserve
By William Greider
from the August 3, 2009 edition of The Nation. July 15, 2009
http://www.thenation.com/doc/20090803/greider
 

http://www.counterpunch.org/baker07152009.html

By DEAN BAKER

 By L. Randall Wray

     Treasury Secretary Geithner is floating a plan that would consolidate more power in the hands of the Fed. The idea is that because it failed so miserably over the past decade to recognize a series of asset bubbles and growing systemic risk, it should be placed in charge of assessing and controlling systemic risk. You've got to love the logic. Could it have anything to do with the fact that Geithner came from the NY Fed where he used to cozy-up to Wall Street banks?

By Michael Braga, Chris Davis & Matthew Doig
Staff Writers

Published: Sunday, July 19, 2009 at 1:00 a.m. 
Last Modified: Saturday, July 18, 2009 at 6:40 p.m. 

Fraudulent property flipping ran rampant during this decade's housing boom, with $10 billion in suspicious deals in Florida alone, a Herald-Tribune investigation has found.

From Representative Ron Paul

Last week I was very pleased that hearings were held on the independence of the Federal Reserve system. My bill HR 1207, known as the Federal Reserve Transparency Act, was discussed at length, as well as the general question of whether or not the Federal Reserve should continue to operate independently.

 13th July 09 - by Steve Keen, of the West Sydney University Australia   Adbusters 

The most important thing that the global financial crisis has done for economic theory is to show that neoclassical economics is not only wrong – it’s dangerous. 

Thu May 28, 2009 at 11:50:33 AM PDT

on why the USA auto industry bailout is so different from the bailout of Wall Street.

  Often “mangement” in cooperatives has been a liability relative to the ability of a business to produce wealth on a sustainable basis and relative to its effect on its community. Even so, these difficulties do not really distinguish the management of cooperatives from management perpetrated elsewhere. Personalizing the faults of prior management after the fact does not address why management with in name only prior experience was accepted at the time and doesn't do anything toward changing the concept of management within cooperatives.