by Jane Richey | May 29, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great...
by Jane Richey | Jun 22, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
The Obama Record: Moody’s didn’t quite say it, but its move to slash the credit rating of America’s No. 1 and No. 3 banks to near junk is based in part on the banks’ exposure to bad government risk. Officially, Moody’s said its...
by Jane Richey | Jun 19, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Jamie Dimon, the president and CEO of JPMorgan Chase, told the Senate Banking, Housing and Urban Affairs Committee last week that his bank took Troubled Asset Relief Program (TARP) funds back in 2008 only “because we were asked to” by the Treasury Secretary. Dimon got...
by Jane Richey | May 15, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The lingering headline on the front pages this week is that JP Morgan Chase suffered a massive loss on a hedging strategy, costing them $2 billion. That’s no small mistake, and it’s an example of how bad decisions in the free market can cost big money. But just...