In November I had the honor of visiting Syracuse University for the Robert Shetterly and the Americans Who Tell the Truth: Models of Courageous Citizenship portraits celebration. This was following the Washington, D.C. unveiling of five portraits of people honored as whistleblowers by the Government Accountability Project (GAP) where I was honored to be one of them. The week… [Read More]
The Fed: Why They Must Engage Before It’s Too Late
In a recent NY Times article, Neil Irwin asks “What Will Cause the Next Recession?” He says, “The economic expansion in the United States celebrated its ninth birthday last month. If it survives another year, it will be the longest on record.” He challenges the status quo with, “But eventually something will kill it. The question is what, and… [Read More]
Audit the Fed? Maybe this time it will happen.
Senator Rand Paul and Representative Thomas Massie have re-introduced a bill in Congress to audit the Federal Reserve. The Federal Reserve Transparency Act of 2017 would require that the Government Accountability Office (GAO) “conduct a thorough audit of the Federal Reserve’s Board of Governors and reserve banks within one year of the bill’s passage.” Rep. Massie… [Read More]
The Goldman Sachs Takeover of the Fed!
With the Fed’s latest hiring of Neel Kashkari as President of the Minneapolis Federal Reserve Bank, Goldman Sach’s former executives will now hold 4 of the 5 Fed President’s seats on the very powerful Federal Open Markets Committee, which is responsible for the formulation of U.S. monetary policy. Before discussing concerns about these appointments, it would… [Read More]
Are the Fed’s Stressed Enough?
The Federal Reserve Board’s annual stress tests, started in 2009, are complex, time consuming and an exacting process. The goal to determine if the banks have enough capital to withstand the impact of adverse developments and still remain viable. The tests start with the developing and publishing of 3 economic scenarios that demonstrate various degrees… [Read More]
