Posts tagged "Federal Reserve"

In apparent first, a public pension plan files for bankruptcy

According to Pensions & Investments: In what’s believed to be a first by a public pension plan, the Northern Mariana Islands Retirement Fund, Saipan, filed for Chapter 11 bankruptcy protection on Tuesday. The public defined benefit plan is only 38.8% funded, thanks to low investment returns and a benefit structure that’s been increased without raises... Read more »

Corporations: Pull that $1 trillion out from under the mattress

And more on global warming. Washington, abetted by President Barack Obama’s scheduled lecture to Congress on Thursday, is abuzz with schemes for government to light a fire under the economy. Forget it. Government can’t do more. It has injected some $1 trillion into the economy to ignite the fire, but it’s far from smoking. And... Read more »

Why is Rahm Emanuel opposing Fed audit?

When the Obama administration wants to kick in the teeth of every financial institution in sight, why is the White House now opposing a part of the financial reform legislation that would audit the Federal Reserve. After all, the Fed has had as much to do, if not more, than AIG and the other Wall... Read more »
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