Federal Reserve

The Federal Reserve (known informally as "The Fed") was created in 1913 when President Woodrow Wilson signed the Federal Reserve Act into law, which effectively centralized America’s banking system. The Board of Governors is the presidentially appointed governing body.

The Federal Reserve has four basic functions, though it provides a variety of services to the United States Government. First, it influences market conditions by regulating national interest rates. Second, it supervises banking institutions and safeguards consumer credit rights. Third, it attempts to stabilize financial markets that would otherwise undermine the economic stability of the United States. Finally, it offers a variety of financial services to U.S. and internationally recognized foreign institutions.

The Federal Reserve also controls the discount rate (a basic interbank lending rate), and has the power to bail out major corporations, pending congressional approval - a power that is, however, highly contested in the political discourse.

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Latest blogosphere posts tagged “Federal Reserve”

• Bank Orders Ease in Q3

  
  Mortgage-Blog — Authority: 449
  During the third quarter, 257 regulatory actions were taken against federally insured institutions,according to the Third-Quarter 2009 Regulatory Actions report from MortgageDaily.com . The report reflects orders and other actions by the Federal Deposit Insurance Corporation, the Federal Reserve, the National ...
  3 hours ago

• Obama Orders 1 Million US Troops To “Prepare For Civil War”

  
  Pak Alert Press — Authority: 507
  By: Sorcha Faal  Russian Military Analysts are reporting to Prime Minister Putin today that US President Barack Obama has issued orders to his Northern Command’s (USNORTHCOM) top leader, US Air Force General Gene Renuart, to “begin immediately” increasing his military forces to 1 million troops by January 30, ...
  3 hours ago

• Lawmaker efforts could hurt Fed, Bernanke warns

  
  Business Finance & Economy - business.marc8.com — Authority: 166
  NEW YORK a The Federal Reserve chairman is concerned that congressional efforts at financial reform could weaken the central banks ability to handle crises and may politicize monetary policy.
  5 hours ago

• Heavyweights Debate “Too Big To Fail”

  
  Wall St. Cheat Sheet — Authority: 646
  Has “Too Big to Fail” become “a policy enshrining crony capitalism” in the oft-quoted phrase , or does the argument against breaking up TBTF banks have merit? Do regulatory approaches to prevent systemic risk merely serve to institutionalize the TBTF concept? Let’s see who stands where in this collection of ...
  6 hours ago

• USD today has no gold behind it whatsoever. The fraction is not 54% nor 15%. It is 0%.

  
  InvestmentWatch — Authority: 156
  It has traveled the path of all previous fractional money in history and already has degenerated into pure fiat money. The fact that most of it is in the form of checkbook balances rather than paper currency is a mere technicality; and the fact that bankers speak about “reserve ratios” is eyewash. The so-called ...
  8 hours ago

• Banking’s Band Of Brothers — America’s Deft Criminals

  
  Newsroom Magazine — Authority: 129
  It was as easy as taking candy from a baby, one insider said recently, for banks and bankers were trusted — wrongfully, but trusted.New YorkInstitutional AbandonmentOut Voted By The Banking LobbySenator Byron Dorgan was one of eight Senators who opposed the repeal of Glass-Steagall.On November 4, 1999, Dorgan spoke ...
  8 hours ago

• The Fed is Not Your Punching Bag and Its Not Bernankes Fault (No Really)

  
  Jr Deputy Accountant — Authority: 143
  Dont end the sinister Fed! Its a Pandoras box of unawesomeness , or so says Robert J. Samuelson in the Washington Post : Ever since its creation in 1913, the Federal Reserve has grappled with a daunting political contradiction. The Fed is charged with preventing the collapse of the banking and financial system, ...
  8 hours ago

• Not to Wildly Speculate But the Fed *Does* Have a Homicidal History

  
  Jr Deputy Accountant — Authority: 143
  The Greenspan Body Count , the census worker found dead with "FED" scrawled on his chest , that whole JFK conspiracy... the Fed appears to have the homicidal track record to back up my wild speculation so maybe I am not that far out there. Fuck, if Citigroup is still allowed to be in business, anything is possible. ...
  9 hours ago

• “There stirs in Americans today a haunting sense of insecurity…”

  
  Re: The People — Authority: 130
  In fitting tribute to the Messiah’s new shovel ready jobs program which is to be rolled out this week – 40,000 public employees digging foxholes in Afghanistan at the rumored cost of about $1 million per employee per year – Tom Walker has posted the full text of a remarkable yet almost forgotten 1952 speech [...]
  9 hours ago

• Bank of Americas (NYSE: BAC) Mortgage Rates Continue to Decline …

  
  Mortgage online — Authority: 161
  Bank of Americas (NYSE: BAC) refinance rate for mortgages have continued to decline and are hitting new record lows. This week, the refinance rate for a.
  10 hours ago

• Mark Pittman, Reporter Who sued Federal Reserve Dies at 52

  
  War On You: Breaking Alternative News — Authority: 567
  Mark Pittman, Reporter Who Foresaw Subprime Crisis, Dies at 52 By Bob Ivry Nov. 28 (Bloomberg) — Mark Pittman , the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was ...
  10 hours ago

• Senator Sanders: "Ben Bernanke Is Part Of The Problem"

  
  zero hedge — Authority: 756
  Ben Bernankes low-road approach of taking the Feds "noble mission" of bailing out Wall Street at any and all costs directly to the people seems to have come at curiously opportune time, a mere week ahead of his December 3 Senate Banking Committee hearing for his second 4 year term nomination. It also seems to have ...
  10 hours ago

• Unfettered Government

  
  The Classic Liberal Blog — Authority: 563
  Lies, lies, lies … the Government’s Never-Ending Lies . Global warming, climate change, settled science, Warmaqquiddick, fraud, corruption, conspiracy, whatever you want to call it … Global Warming is a Big Fat Lie! Politicians lied about global warming and they’re lying about health care too. ...
  12 hours ago

• Here is a little truth from Congressman Ron Paul’s book “End The Fed” .

  
  InvestmentWatch — Authority: 156
  When you think about it, debasing the currency is counterfeiting. It steals value from every dollar earned and saved. It robs the people and makes them poorer. It is the absolute enemy of the workingman. It transfers wealth from the middle class to the privileged rich. Diluting the value of the dollar by increasing ...
  13 hours ago

• Vampire Squid Wins Again

  
  Skeptical CPA — Authority: 477
  "The [Fed] of New York [NYFed] gave up much of its power in high-pressure negotiations with the American International Groups [AIG] trading partners last year, according to a government report made public on Monday. Just two days before the [NYFed] paid AIGs partners 100 cents on the dollar to tear up their contracts ...
  13 hours ago

• Bernanke: "Global Consensus?"

  
  The Seventh Sola — Authority: 122
  Recently in the Washington Post, Federal Reserve head Ben Bernanke criticized moves in Congress to limit the power and authority of the Federal Reserve. Lawmakers have been irked over what they see as mistakes by the Fed in dealing with the economic crisis. If youd like to read Mr. Bernankes entire column, here it ...
  15 hours ago

• The Collapse of America by excessive debt and hyperinflation

  
  Fuck Bankers — Authority: 170
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  16 hours ago

• The Collapse of America by excessive debt and hyperinflation

  
  Gulag Blog — Authority: 170
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  16 hours ago

• Gerald Celente – “Time for an American Renaissance”

  
  Gulag Blog — Authority: 170
    No related posts.
  16 hours ago

• Gerald Celente – “Time for an American Renaissance”

  
  Fuck Bankers — Authority: 170
    No related posts.
  16 hours ago

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