Topic: Federal Reserve Bank of New York
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The Daily Reckoning
Facebook IPO: The end of an era
The failure of Facebook's public debut may signal the end of the pie-in-the-sky tech start up, as well as the possibility that the post-crisis recovery rally is screeching to a halt.
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JP Morgan loss: Did US regulators know what CEO Jamie Dimon apparently didn't? (+video)
Federal regulators embedded at JP Morgan are supposed to get the reports that CEO Jamie Dimon gets. But in the case of JP Morgan's $2 billion loss, that might not have been much help.
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Robert Reich
How to stop starving public colleges and shrinking the middle class
America is making it harder and harder for young people of modest means to attend college. But affordable public higher education is essential to preserving the middle class.
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The Circle Bastiat
Why we're paying more for corn
Thanks to government subsidies supporting a specific type of corn farm, land value is increasing, and prices are going up. The same is true of other federally supported crops.
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Gold rush? Why gold standard glitters for some in GOP.
Backers of a gold standard – a view popular with many tea party advocates – see a gold-backed currency as a way to rein in government spending and minimize the role of the Federal Reserve.
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The Circle Bastiat
Fed blames flippers for the housing bubble
The Federal Reserve Bank of New York singles out real estate speculators for causing home prices to skyrocket, but many other factors are to blame
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Jon Corzine downfall: Even after 2008, banking sector has untamed risks. (VIDEO)
Former CEO Jon Corzine testified before Congress on the bankruptcy of investment firm MF Global. Its swift collapse in late October recalled events leading to the financial crisis of 2008.
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The Daily Reckoning
Fed prints more money, but consumers won't see it
The central banks are bailing out speculators, bankers, and the feds, not households. The money only reluctantly gets to the consumer level…or not at all.
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The Daily Reckoning
The economy has changed. Expect hopes and dreams to follow.
Concerned with saving money, young people are delaying moving out of their parents' homes
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Robert Reich
Greeks' choice–and ours: Democracy or finance?
Greek Prime Minister George Papandereou called for a national vote on the budget cuts Europe has proposed for his country. Shouldn't US voters have had the same choice?
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The Circle Bastiat
It's not easy being a bank
Regulators are proposing massive new compliance burden on banks to prove that their market-making activities are just that and not proprietary trading in disguise
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Can the Treasury Department really run out of money?
Probably not, because the Federal Reserve would probably not bounce a check from Treasury. But that might violate the debt ceiling.
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Does Greece owe you? How the Greece crisis affects US money market funds
American exposure to the Greece crisis is high in certain areas. Half the assets in the 10 biggest money market funds are invested in European banks, which hold a lot of Greece's debt.
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Tax VOX
Obama, where are your economists?
Politicians need a team of stellar economists for advice during campaign season, and Obama seems to have lost his
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'Too Big to Fail' – real story's not over
'Too Big to Fail' movie ends early in the crisis. But policymakers, public still struggling with aftermath of 'too big to fail' decisions.
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Stocks close lower after choppy session
The Dow fell about 25 points, after rising and falling throughout the session. A positive call on commodities by Goldman Sachs drove up the price of oil and metals.
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Stock market ends lower; investors flee risk
Stock market falls on technology slump. Nasdaq leads stock market lower with lowest close in nearly a month.
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Interest rates: Will the Fed signal a boost?
Interest rates were supposed to be kept low by the Federal Reserve's bond-buying program. Ben Bernanke will meet with the press on Wednesday, and investors will listen for clues about when the Fed might change its policy with interest rates.
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NFL season in judge's hands? One of five things to watch April 6.
NFL season could be saved if judge lifts an injunction on the lockout. Plus: Monsanto and Bed Bath & Beyond earnings and hot rental housing market.
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Jobs go unfilled despite high unemployment
At 8.9 percent, unemployment is still high. But in some industries, jobs are available with no skilled workers to fill them.
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TARP bailout cost to taxpayers expected to be lower, according to Geithner
TARP final cost to US taxpayers is expected to be lower than earlier projections, according to Treasury Secretary Timothy Geithner. Bailed-out companies, such as AIG and GM, have already begun to pay back TARP funds.
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Credit cards? Nah! Americans moving to cash, debit cards.
Credit cards are losing their luster as a method of payment, especially among young adults.
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The Daily Reckoning
What will the end of gold's bull market look like?
Gold is in a bull market, not (yet) a bubble. It will probably stay in a bull market for a long time. And before it declines, gold may climb a hundred dollars a day – or more.
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Could faulty mortgage paperwork lead to a new financial crisis?
Concerns are rising that faulty mortgage paperwork may spawn a boom in lawsuits against big banks. For now, a second financial crisis seems unlikely – but not impossible.
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New Federal Reserve plan to buoy economy: Too much or too little?
The Federal Reserve is expected to approve a program of quantitative easing at a meeting next week. Experts on monetary policy are divided over whether the plan will work buoy the economy.
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