Is the Fed’s Dirtiest Bailout About to Come Under the Spotlight?

Until the public knows the truth about why the Fed bailed out the insolvent Citigroup – despite its mandate not to lend to an insolvent institution – and why it bailed out Morgan Stanley and Merrill Lynch, which were broker-dealers, not major commercial banks, there can be no confidence in the U.S. financial system.… Read More Is the Fed’s Dirtiest Bailout About to Come Under the Spotlight?

Steve Eisman and FrontPoint Were Shorting Wall Street Banks While the Dumb Fed Was Giving FrontPoint Emergency Loans – And That’s Not the Worst Part of this Story!

What sense did it make for the Fed to be sluicing funds to a hedge fund shorting the very entities the Fed was trying to shore up?… Read More Steve Eisman and FrontPoint Were Shorting Wall Street Banks While the Dumb Fed Was Giving FrontPoint Emergency Loans – And That’s Not the Worst Part of this Story!