...$75 to $125 billion over the next two years to stay out of bankruptcy. Banking Committee Chairman Chris Dodd says the Federal Reserve and Treasury already have a green light to get cash to auto makers if Congress doesn't. SEN. CHRIS DODD, BANKING COMMITTEE...
...larger one. Federal Reserve Chairman Ben Bernanke spoke of his concerns at a Fed conference this morning. BEN BERNANKE, Federal Reserve Chairman: The housing market remains central to the economic and financial challenges that we face. Because housing and...
...points to almost 360 per cent. The deleveraging of this excess was always going to be deflationary but unfortunately, the Federal Reserve reacted slowly and mistakenly restrained the growth in high-powered money. Indeed, despite the Fed's conventional and...
...at a time when they, along with the rest of the "Big Three" of the US car industry, are going cap in hand to the Federal Reserve for upwards of $25 billion. From Tiger down, sports will now be looked at more critically, and many will be found wanting. What...
...2 per cent, the lowest since 1951 and, indeed, since the bank's foundation in 1694. Last month the US central bank, the Federal Reserve, cut its benchmark rate to 1 per cent and may well lower rates again this month. This action by so many of the world's monetary...
...for lawmakers to approve a financial lifeline for the Big Three. And he stressed that the Bush administration or the Federal Reserve could act unilaterally to help the auto industry. Dodd's skepticism about the ability of Congress to generate sufficient support...
...he is taking advice from yet another ex-Goldman Sachs CEO, and he never addresses the critical issue of the gold-less Federal Reserve. Rem Koolhaas, though not an economist, unknowingly helps us in understanding the prevailing economic theory. He is arguably...
...Ayn Rands timeless classic Atlas Shrugged. For example, long a thorn in the side of the US banking cartel, headed by the Federal Reserve, Wall Street investment banking has been wiped out by the Feds and Treasurys takeover of the industry through a combination...
...got a serious problem on our hands. And I realize that he's got a meeting over there, but we need him here. And I need the Federal Reserve to step up as well." Obama warned yesterday that he is keeping a watchful eye on how Paulso allocates the $700 billion...
...Chris Dodd, D-Conn., held out hope for a bipartisan deal, but downplayed expectations. Dodd expressed frustration that the Federal Reserve and Treasury haven't aided automakers. GM shares fell 16% and Ford 7%, helping spur a late market sell-off. GM CEO Rick...