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It is time to restructure US Federal Reserve after major flaws in the last twenty-five yearsUS Federal Reserve and US Administrations are responsible for the current US depression and world recession. The Federal Reserve had unqualified people run it since 1980. The fiscal management was not only lousy; it did not make any sense. Volker, Greenspan and now Bernanke focused on ...
Giorgio Bertini
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8 months ago
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Geithner Needs to Go! - Dave Chandler's EarthsideEarthside Comments: The U.S. Secretary of the Treasury, Timothy Geithner, should resign or President Obama should fire him. As head of the New York Federal Reserve, Geithner was one of the architects of the AIG bailout under the Bush regime ... along with his income tax problems, he was a ...
Giorgio Bertini
added
9 months ago
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Too failed to live not too big to failAnd be in no doubt; administration policy as laid out by Treasury Secretary Tim Geithner, Fed chief Ben Bernanke and White House economic advisor Larry Summers has as its core a fervent commitment not to take into state control large insolvent institutions, preferring instead to essentially bear ...
Giorgio Bertini
added
9 months ago
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Geithner's Plan: It's Not Transparent and It's Still a Bailout - Robert ReichIn other words, Geithner and Fed Chair Ben Bernanke continue to do pretty much what Hank Paulson and Bernanke did: They hide much of the true costs and risks to taxpayers of repairing the banking system. Those risks and costs should be put on the people who made risky bets on the banks in the ...
Giorgio Bertini
added
10 months ago
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Capitalist Fools - Joseph StiglitzBehind the debate over remaking US financial policy will be a debate over who's to blame. It's crucial to get the history right, writes a Nobel-laureate economist, identifying five key mistakes - under Reagan, Clinton and Bush II - and one national delusion.
Giorgio Bertini
added
12 months ago
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