Topic: Federal Reserve Bank of New York
All Content
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Chapter & Verse Timothy Geithner will release book on 2008 financial crisis
Geithner's book will come out in 2014 and is meant to be a 'play book’ for 'future policy makers,' said Crown Publishing.
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Tax VOX Payroll tax cuts may boost the economy more than you think
Payroll tax cuts might play a bigger role than many thought in reversing economic slumps, Gleckman writes, according to new research by the Federal Reserve Bank of New York.
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That didn't take long: AIG decides not to sue US over bailout terms
AIG, which said it had been legally bound to consider the interests of shareholders, appears to have concluded that damage to its public image would outweigh any benefits of joining the suit.
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New York judge's ruling sparks nationalist surge in Argentina
Stakes are high for Argentina's President Kirchner in a legal tug-of-war over full repayment of bonds from the country's 2002 default. Kirchner says her country is the victim of 'judicial colonialism.'
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Robert Reich Will Timothy Geithner lead us over or around the fiscal cliff?
Timothy Geithner sees the world through the eyes of Wall Street rather than Main Street, Reich writes, which complicates fiscal cliff negotiations.
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Student loans rise, boosting consumer credit
Student loans and auto loans increased in September, boosting consumer borrowing to a record level. But while student loans were on the rise, consumers cut back on credit card borrowing.
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New York terror case: Is recruitment process for foreign students flawed?
The suspect, who arrived in New York this summer, initially attended college in Missouri after a commission agent was used to recruit him. One critic talks of 'a gold-rush mentality when it comes to foreign students.'
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Saving Money Is your college student properly insured?
College is pricey enough without unexpected costs. Ensure that your college-age child is properly covered in these four areas: car insurance, health insurance, property insurance, and tuition insurance.
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Standard Chartered shares plunge after Iran allegations
Standard Chartered market value plummeted by nearly $12.5 billion after the New York state regulator accused the UK bank of being involved in laundering money for Iran. The share price for Standard Chartered tanked by 23 percent.
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HSBC money laundering: Bank vows fixes. Senators doubtful.
HSBC money laundering comes under the microscope in a Senate hearing. Bank officials promise to shut down operations in the Cayman Islands, tied to HSBC money laundering.
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Senators push Bernanke: Was Fed asleep in the LIBOR rate scandal?
Fed Chairman Ben Bernanke was questioned by senators Tuesday about the central bank's role in the LIBOR rate-setting scandal. He said the Fed had pushed for reform of the rate setting process in 2008 when it became concerned about manipulation of the influential benchmark.
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The Daily Reckoning Did the Feds rig the system?
Bill Bonner and the analysts over at The Daily Reckoning are feeling fairly vindicated this week. They have been investigating how the federal government may have rigged the system over the past 30 years, directing funds to help the rich get richer.
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LIBOR scandal: Will Feds target not just employees, but a whole bank?
If a bank reporting its lending rates has given intentionally inaccurate numbers, that could be a crime, say experts. Prosecutors have been poring over documents related to LIBOR for two years.
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Stock market up early as Europe awaits Greek elections
Stock market futures in the US rose Friday after a volatile week, as Europe brased for the results of elections in Greece. The stock market is anticipating action by major European central banks to head off a crisis in the region.
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Student loans: Will more transparency help?
Student loans, tuition, and other costs will come with more disclosure from 10 colleges and universities. Estimated monthly payments on student loans after graduation will keep families from taking on too much debt, White House says.
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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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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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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 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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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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