Federal Reserve Chairman Ben Bernanke’s many critics should take comfort in the fact that he’s one of the least expensive central bankers on the planet. For all his controversial extraordinary monetary maneuverings, Bernanke makes a mere $196,700 a year, according to Bloomberg.
In contrast, Britain’s Mervyn King takes home nearly half a million in Read More
Heeding some journalists‘ dismay at the sheer volume and complexity (we are not exempt from these feelings) of today’s big Federal Reserve bailout disclosure, The Huffington Post has bravely decided to “liveblog” the tedious process of combing through the piles of data, and keeping up with other outlets’ revelations.
The result is surprisingly serious items Read More
The Federal Reserve’s $3.3 trillion in bailout maneuvering during the past three years of financial apocalypse has been complicated, and so it’s difficult to isolate one particular “winner” from the many, many institutions who benefited from the central bank’s largesse. But let’s give it a shot anyway.
Congress has instructed the reluctant Federal Reserve to reveal the details of its $3.3 trillion in assorted emergency transactions during the credit crisis, and today we get to find out who were the lucky winners of the Great Central Bank Bailout Sweepstakes of 2007 and Beyond. (For perspective, under the much-maligned TARP, the Treasury Read More
