
Follow us @ twitter.com twitter.com Federal Reserve Chairman Ben Bernanke was on Capitol Hill today delivering his report card, talking economic forecasts and headwinds while defending the Fed's "accommodative monetary policy." Speaking of report cards, we look at how even the failing marks of central bankers and other economic decision makers get glossed over by the mainstream media and ultimately forgotten by the public. Top on our list, of course, is CNBC which is basically a PR machine for the big banks on wall street, let's not forget. Is it this PR machine what has allowed even former Fed Chairman Alan Greenspan to emerge from the financial crisis relatively unscathed after he largely contributed to it with his reckless interest rate policies and serial bubble blowing that earned him the nickname Alan "Bubbles" Greenspan? We interview Danny Schechter, the news dissector (also author and filmmaker), to get his take on this. He bumped into Alan Greenspan recently, and wrote an article on the Rand Man and his legacy as deregulator in chief. Meanwhile, Greek credit default swaps will not pay out...again! What's going on here? Last time we had a major credit event, it led to the collapse and then zombification of AIG as a conduit for bailing out the likes of Goldman Sachs, JP Morgan, Deutsche Bank, etc. Are the issuers on the hook this time around, and this is just the ISDA working on behalf of them against the speculator hedge funds and other people with net short <b>...</b>
Capital Account
Lauren Lyster
Demetri Kofinas
Danny Schechter
Russia Today
rtamerica
RT
Finance
Markets
Economy
banks
bank fraud
ZIRP
TBTF
SEC
JP Morgan
Jamie Dimon
doj
regulations
rehypothecation
hypothecation
churning
shadow banking
mafia
merchant account
merchant
brokerage firm
primary broker
Alan Greenspan
Larry Summers
Timothy Geithner
counterparty risk
AIG
federal reserve
Ayn Rand
CNBC
andrew schiff
peter schiff
sudoku
wolfgang schäuble
eurozone