Dallas Fed President unveils megabank breakup plan

In a speech at the National Press Club hosted by the Committee for the Republic on January 16, Richard Fisher, president of the Federal Reserve Bank of Dallas, presented a plan to require the twelve largest banks in the United States to restructure … [Read more...]

Jack Lew appointment sets tone for Obama economic policy

The appointment of Jack Lew as Secretary of the Treasury is a crucial event in the evolution of the ongoing financial collapse, and this would be the case no matter who the president selected. From the time the short list became public knowledge last … [Read more...]