By Jesse “more than 519 municipalities that face 990 million euros in derivatives losses” As the quote indicates, its a big problem, and Bank of

By Rebecca Christie U.S. Treasury Secretary Timothy F. Geithner said he has continued to support the strong dollar policy he helped craft in the Clinton

By Brady Dennis American International Group plans Wednesday to pay another round of employee bonuses, worth about $100 million, said several people familiar with the

By Tyler Durden Yes, slowly but surely it is happening. In a federal notice filed earlier, the DOL and Treasury are soliciting a response on

From Wikipedia A Comprehensive Annual Financial Report (CAFR) is a government financial statement, which goes beyond the minimums established for public sector companies by NCGA

By Lance Lewis Since December 2009, gold bears have had a ray of hope as gold has corrected (as all bull markets do), and now

By PK Semler A proposal by former Federal Reserve Chairman Paul Volcker to limit bank’s proprietary trading will be either be dropped or significantly modified

By Tyler Durden The chart below demonstrates the amount of borrowing per state, as well as trust fund holdings. (View Larger Chart) Continue reading A

By F. William Engdahl Former President becomes UN Special Envoy to earthquake-stricken Haiti. A born-again neo-conservative US business wheeler-dealer preacher claims Haitians are condemned for

By Margaret Collins and Alexis Leondis U.S. President Barack Obama’s effort to increase retirement savings by requiring all businesses to offer automatic IRA accounts may

By David Reilly The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo,

By Scott Thompson and Paul Gallagher If the rising movement of American patriots is going to clean out the London/Wall Street swamp of the Obama

Continue reading Boston Globe Names Elizabeth Warren ‘Bostonian of the Year’

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By Doug Wakefield and Ben Hill (View larger chart) This chart is from the December 2009 issue of The Investors Mind) Continue reading Unfinished Business:

There recently was an article in the St. Petersburg Fl. Times. The Business Section asked readers for ideas on: “How Would You Fix the Economy?”

By Robert Britt Tonight’s full moon — called the wolf moon — will be the biggest and brightest full moon of the year. It offers

1. US Congress Sells Out to Wall Street 2. US Schools are More Segregated Today than in the 1950s 3. Toxic Waste Behind Somali Pirates

Whitley Strieber writes, “For years, I have grappled with strange memories from early childhood that suggested involvement in some sort of abusive program. But I

J.D. Salinger, the legendary author, youth hero and fugitive from fame whose “The Catcher in the Rye” shocked and inspired a world he increasingly shunned,

By Jesse Just returned last night from Beijing. While on standby at airport from 11:30 AM until 6:30 PM (all classes of all half-hourly flights

By Sven Egenter The police commander heading security at the World Economic Forum in Switzerland was found dead on Tuesday, local authorities said, adding that

The heavily-redacted regulatory filing that spells out the details of the New York Federal Reserve’s controversial bailout of American International Group is a secret no

By Michael B. Marois The California State Teachers Retirement System, the second biggest U.S. public pension, will need to ask taxpayers for more money after

By Emily Singer The anti-aging power of blood might not be just the stuff of vampire stories. According to new research from Harvard University, an

From the Federal Register today: [Federal Register: January 28, 2010 (Volume 75, Number 18)] [Rules and Regulations] [Page 4635-4654] From the Federal Register Online via

Ben Bernanke’s great reflation gamble appears to be working. Unfortunately, it appears to be working in all the wrong places. Continue reading The Trillion Dollar

CAF Note: Not enough time to ask about: the Chair of the NY Fed being a former Goldman Co-Chair, a member of the Goldman board

By James MacPherson A federal appeals court on Tuesday affirmed a lower court’s decision to dismiss a lawsuit by two North Dakota farmers who said

By Joe Weisenthal and Kamelia Angelova Continue reading Chart of The Day: How The AIG Bailout Really Worked

1. You and those you love are your assets – invest in you, your health, your homebase and your own business first; 2. Bank and

The 2010 State of the Union Address will be given by United States President Barack Obama on January 27, 2010, to a joint session of

I am watching the Congressional testimony about AIG. It’s a parade of people lying to themselves and to you. My expectation is that you will

Today the House Committee on Oversight and Government Reform held hearings on: “The Federal Bailout of AIG” to examine the Federal response to the collapse

By Tyler Durden Zero Hedge discussed a month ago the disastrous prospects of what would happen if the new proposal contemplated by the SEC, which

By Ryan Grim A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended

By Gretchen Morgenson and Louise Story Weeks after rescuing the American International Group with an $85 billion taxpayer loan in late 2008, Federal Reserve Board

By Rob Kirby According to the most recent data from the U.S. Office of the Comptroller of the Currency, the notional value of derivatives held

“My grandmother was not a highly educated woman, but she told me as a small child to quit feeding stray animals. You know why? Because

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By Nick Turse One moment there was the hum of a motor in the sky above. The next, on a recent morning in Afghanistan’s Helmand

By Joe Weisenthal and Kamelia Angelova View Larger Chart In the last several days, a view emerged that the tightening has un-officially begun. Continue reading

By David Voreacos, Carlyn Kolker and Klaus Wille A Swiss court ruling that impedes the Internal Revenue Service’s ability to collect data on 4,450 UBS

By Michael Shuman Since the global financial system unraveled in 2008, U.S. policymakers have struggled heroically to improve the performance and oversight of global banks

U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like

By Tyler Durden Politico has obtained the phone log of conversations performed by then FRBNY President Tim Geithner during the period of the financial crisis,

By Inigo Gilmore As a member of the media covering the tragedy in Haiti, it’s with a sense of alarm and astonishment that I’ve witnessed

It would appear that Goldman thinks that raising interest rates would be a disaster. What that means is the folks borrowing for 0-1/2% on the

By Tyler Durden We apologize in advance for the NY Magazine-style headline, but this is a report that has to be read by all Senators

By Peggy Noonan What does the Massachusetts election mean? It means America is in play again. The 2008 election settled nothing, not even for a

By Elizabeth Kneebone and Emily Garr An analysis of the location of poverty in America, particularly in the nation’s 95 largest metro areas in 2000,

View Larger Chart By Jesse Here is an interesting chart that shows the ascendancy of the financial sector in the US. Continue reading Financial Services:

By Tyler Durden Rep. Darrell Issa comes out guns blazing once again, alleging that the Fed provided a selective response to the subpoena to provide

By Ishkabibble Become majority lender in an economy of people with assets you want. Encourage indebtedness by loaning generously while securing on assets of interest.

We have received several comments from listeners and readers questioning whether or not mortgage companies or banks are required to provide homeowners specific proof of

Continue reading Ron Paul:”We Need To Take Out The CIA”

The 94 United States district courts are the general trial courts of the United States federal court system. Both civil and criminal cases are filed