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Secret Fed Loans Gave Banks $13 Billion

Bob Ivry, Bradley Keoun and Phil Kuntz Bloomberg.com 11/28/2011
Secret Fed Loans Gave Banks $13 Billion

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

Federal Reserve's Massive Stimulus Had Little Impact: Greenspan

The Federal Reserve's massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday.

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak

Bradley Keoun and Craig Torres Bloomberg.com 04/03/2011
Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak

U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.

Federal Reserve Rejects AIG Offer to Buy Mortgage Assets

The Federal Reserve announced Wednesday that it was declining an offer from American International Group AIG to buy the mortgage-related assets it holds in its Maiden Lane II portfolio.

US Federal Reserve chairman warns of 'unsustainable' debt

SEWELL CHAN The New York Times 06/09/2010
US Federal Reserve chairman warns of 'unsustainable' debt

When it comes to the deficit, Ben S. Bernanke has a story, and he’s sticking to it. Mr. Bernanke, the Federal Reserve chairman, warned on Wednesday that “the federal budget appears to be on an unsustainable path,” but also recognized that an “exceptional increase” in the deficit had been necessary to ease the pain of recession.

Treasury, Fed delay Internet gambling ban 6 months

The U.S. Treasury and Federal Reserve on Friday delayed the implementation date for a new Internet gambling payment ban for six months, a move that gives lawmakers time to overturn it or end confusion over illegal practices.

Senate May Narrow Proposed Regulatory Role for Federal Reserve

Brady Dennis The Washington Post 09/09/2009
Senate panel to mull Bernanke's nomination to second term on Dec. 3

WASHINGTON — Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.

Senate May Narrow Proposed Regulatory Role for Federal Reserve

The Obama administration's vision for revamping the nation's financial regulatory system could face significant revisions in the Senate, where proposed reform legislation departs from the White House proposal on several key points, according to staff members, lobbyists and a lawmaker briefed on the plans.

Fox News appeals ruling for U.S. Fed over bailout

Fox News Network LLC on Wednesday appealed a U.S. judge's decision not to force the U.S. Federal Reserve to reveal the names of participants in its emergency lending programs.

US Federal Reserve chairman's personal bank account struck by identity theft

WASHINGTON — No one is safe from identity theft, not even the chairman of the Federal Reserve. Ben Bernanke's personal checking account became entangled in an elaborate identity-theft scheme after his wife Anna's purse was stolen last August at a Capitol Hill Starbucks. According to a District of Columbia police report, it contained her Social Security card, checkbook, credit cards and IDs.


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