Is there anyone left who doesn’t think Wall Street has a culture of corruption? Even the President of the New York Federal Reserve William Dudley, a former Chief Economist at Goldman Sachs, has now critiqued Wall Street’s open contempt for the rule of law. Dudley claimed the banksters have displayed “deep-seated cultural and ethical failures.” [...]
|By: DSWright Friday November 8, 2013 8:47 am|
|By: DSWright Friday October 11, 2013 7:32 am|
Former New York Federal Reserve Bank Examiner Carmen Segarra has a filed a wrongful termination lawsuit against the New York Federal Reserve. In the suit Segarra claims that while acting as a bank examiner for the NY Fed she was told to falsify findings on Goldman Sachs and when she refused was fired. Under a [...]
|By: DSWright Monday December 24, 2012 9:42 am|
While many former homeowners will be spending the holidays in the streets, it is good to know the bailed out banks are making some nice profits… off the American taxpayer. Fed Chairman Bernanke’s continual leveraging of the national credit card via buying mortgage-backed securities to stimulate the mortgage market has done little for the mortgage market and a lot for Wall Street’s bottom line.
|By: David Dayen Friday October 1, 2010 11:07 am|
This would be out of character: The Federal Reserve could adopt an explicit inflation target like that of the UK in order to keep up public expectations of future price rises, one of the most influential regional Fed presidents has said in a speech. William Dudley, the head of the Federal Reserve Bank of New [...]