All Posts Tagged With: "federal reserve chairman"
Newly released transcripts show that Federal Reserve officials, including the Chairman Ben Bernanke, largely overlooked the financial crisis in 2007 as it hurtled its way toward the economy in the U.S. like a runaway freight train. Even while officials at the Federal Reserve were worrying about the financial markets and more and more evidence was [...]
It looks like Republican presidential hopeful Rick Perry found unlikely supporters within President Barack Obama’s re-election team. The Texas governor is seen by Obama’s supporters, election fundraisers, and senior Democrats to be easier to beat than Mitt Romney in next year’s presidential election. President Obama’s campaign headquarters in Chicago doesn’t want to issue any statements [...]
It looks like the Republicans are not that united after all. They crumbled under pressure of the deadline to increase the government’s credit limit. A meeting in the White House ended with no concrete results as the nation nears another economic disaster. Moody’s Investors Services last Wednesday said that it would review the United States [...]
In the news today, President Obama has tied the nation’s recession towards unending taxes and job losses, to the loose and malfunctioned oversight of the Wall Street executives. He emphasized on the essentiality of learning lessons from the past and not repeating them. This sort of lifestyle isn’t acceptable to me, and to all the [...]