Fed Trying to Protect Bailout Secrecy
Last summer, a federal judge ruled that the Federal Reserve must disclose the identities of firms that received any portions of the over-$2 trillion in bailout money back in 2008. This...
About: Steven Yates
Posts by Steven Yates
Federal Reserve Achieved Record Profits in 2009
Today more people are aware of the Federal Reserve's activities than ever before, mostly owing to the Ron Paul movement or H.R. 1207, Rep. Paul’s Federal Reserve Transparency Act, which had...
Geithner Advised AIG to Keep Quiet About $105 Billion Paid to Banks
U.S. Treasury Secretary Timothy Geithner has some explaining to do. Both the New York Times and the British Telegraph have reported that e-mails going back to January 2009 show that the...
Will New Jobs Bill Create Jobs? Republicans Say No
Where do the kinds of jobs that will grow the economy come from? Can the federal government simply create them through more spending? We are about to find out — yet...
Senate Banking Committee Confirms Bernanke, With Dissent
The Senate Banking Committee convened Thursday morning, December 17, and voted 16-7 to confirm Ben Bernanke for a second four-year term as Chairman of the Federal Reserve. ...
Unemployment Wreaking Havoc on Middle America, New Poll Shows
The economic conventional wisdom of the moment is that the U.S. economy has begun to turn around. According to mainstream economists, a tentative recovery can be found in the third-quarter numbers,...
Gold Hits New Record High, Skirts $1,200/oz.
The weakening dollar propelled gold prices in American markets almost to $1,200 an ounce Tuesday morning, Reuters reported. U.S. gold futures for February delivery hit a new record of $1,200.50 an...
Federal Reserve Has Become a Focal Point of Public Anger
The Federal Reserve is facing its severest scrutiny since the 1930s, both from an aroused public and from members of Congress, some of whom face tough reelection fights next year and...
ADL Joins the Official Effort Against “Anti-Government Extremism”
Two thousand and nine may yet go down in history as the year political correctness attained the force of federal law. Just recently, after all, we finally saw a “hate crimes”...
Government Proposes Limiting Restrictions and Fees on Gift Cards
On Monday, the Federal Reserve proposed new rules to protect consumers from unexpected costs and restrictions on gift cards, gift certificates, and other prepaid cards typically redeemable by any store or...
Health Freedom Attorney to File Lawsuit Against FDA Over Swine Flu Vaccine in New York
Health freedom attorney Jim Turner, of Citizens for Health, is filing a lawsuit in Washington, D.C., today, hoping to halt the distribution of the swine flu vaccine in America. What prompted...
Hearings Held on Ron Paul’s “Audit the Fed” Bill
The House Committee on Financial Services held its first major hearing on H.R. 1207, the Federal Reserve Transparency Act, today. H.R. 1207, originally introduced by Ron Paul (R-Texas), now has 295...
Bernanke Says Recession Is Almost Over
Ben Bernanke, Federal Reserve Chairman, expressed confidence that the worst recession since the 1930s is almost over. In a speech before a Brookings Institution audience Tuesday morning Bernanke made the guardedly...
Ron Paul Has the Council on Foreign Relations Worried
Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As...
Guns Now Visible Outside Venues of Obama Appearances
President Obama spoke to a veterans group in Phoenix Monday, KVIA News reported. Outside, amidst protesters, were roughly a dozen people carrying guns, one of them with an AR-15 semi-automatic rifle....