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Category Archives: Banking and foreclosures
House Votes Overwhelmingly to Audit the Fed!
WASHINGTON, July 24 – Congressman Ron Paul today applauded the passage by the House of Representatives of H.R. 459, the Federal Reserve Transparency Act. The bill, which calls for a full audit of the Federal Reserve System– including its lending … Continue reading
A scandal over rate-fixing is about to hit the US
By Roland Jones It may seem like just another obscure banking scandal at a 322-year-old British bank, but there are a number of good reasons why you should care about the LIBOR rate-rigging scandal now roiling the world’s biggest and … Continue reading
Federal Reseve Admits to Knowing About LIBOR Fraud in 2007 AD
Thing One: The Fed’s True Libors:It’s a good thing no one on earth cares about this Libor scandal, because otherwise the Fed would be in so much trouble right now. The United States central bank straight-up confesses to Reuters that, oh yeah, … Continue reading
Fractional Reserve Banking
Fractional Reserve Banking, Government, and Moral Hazard Last week my subcommittee held a hearing on fractional reserve banking and the moral hazard created by government (taxpayer) insured deposits. Fractional reserve banking is the practice by which banks accept deposits but … Continue reading
Another Nobel Economist Says We Have to Prosecute Fraud Or Else the Economy Won’t Recover
As economists such as William Black and James Galbraith have repeatedly said, we cannot solve the economic crisis unless we throw the criminals who committed fraud in jail. And Nobel prize winning economist George Akerlof has demonstrated that failure to … Continue reading
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Banking Scandal Growing
Regulators delivered the first blow in a major investigation into whether big banks had improperly set key interest rates that affected how consumers and companies borrowed money around the world. On Wednesday, Barclays agreed to pay $450 million to resolve accusations that … Continue reading
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Mortgage Fraud Task Force
Read the Press Release it is very informative.
Posted in Banking and foreclosures
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