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...historically high levels in order to cut inflation in the early 1980s, or Chairman Ben Bernanke ’75’s opening up of lending windows to major investment banks during the financial crisis, despite the deep political unpopularity of such measures. By opening up the Federal Reserve??s operations to naked populist critiques, the Sanders amendment begins to violate this trust in an independent and apolitical central banking authority...

Author: By Ravi N. Mulani | Title: Financial Follies | 5/12/2010 | See Source »

...living in difficult financial times. Open up your average newspaper and stories of layoffs, stocks rising and falling, and the Federal Reserve??s latest attempts to rescue the economy abound. Most Americans are antsy. A lack of financial literacy has only exacerbated this mood. Until the federal government takes an active role in the basic economic education of its constituents, things will not get any easier. From Warren Buffet to Joe the Plumber, the economic vitality of the United States is a source of concern whether one seeks to prosper or to secure a leisurely retirement...

Author: By Patrick Jean Baptiste | Title: Ignorance is Not Bliss | 1/25/2010 | See Source »

...remains modest compared to where it stood last September, when the University had nearly $3 billion invested in 213 public equity holdings. Jane Mendillo, president and CEO of HMC, said in an interview with The Crimson in May that she had “accelerated building a cash reserve?? last fall—part of a larger policy portfolio change—but that the Company was “aggressively analyzing investment opportunities” and reinvesting cash coming out of the financial crisis. University spokesman John D. Longbrake declined to comment for this article. HMC announced...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Boosts Equity Holdings | 8/31/2009 | See Source »

...spending is out of control.” His colleagues, however, were politically clumsy. Peter Schiff, an economist who Libertarians hope will be the Republican candidate against Dodd, spoke to the crowd—for an agonizing half hour. In his speech, he dissected the history of the Federal Reserve??the most boring topic he could choose—and the crowd’s attention melted away...

Author: By Brian J. Bolduc | Title: The Hartford Tea Party | 7/8/2009 | See Source »

...limitation of broad economic risks, the enhancement of consumer and investor protections, the closure of gaps in regulatory oversight, and the global coordination of any actions that are undertaken. The most aggressive of Geithner’s reforms would establish a systemic-risk overseer—possibly the Federal Reserve??that would serve as a super-regulator in charge of making sure no firms took on too much risk. The plan would also raise capital and risk-management standards, ensuring that firms safeguard a larger proportion of their assets to protect against unexpected losses and more tightly manage...

Author: By The Crimson Staff | Title: The End of Under-Sight | 3/30/2009 | See Source »

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