Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts

Friday, August 28, 2009

Federal Reserve Board chairman hit by identity theft


Washington DC - The Federal Reserve Board chairman was one of hundreds of victims of an elaborate identity-fraud ring, headed by a convicted scam artist known as “Big Head,” that stole more than $2.1 million from unsuspecting consumers and at least 10 financial institutions around the country. Ben Bernanke learned that a thief had swiped his wife’s purse, including the couple’s joint check book. Days later, someone started cashing checks on the Bernanke family bank account. More…

Monday, November 10, 2008

Who Took $2 trillion of emergency loans ?


The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans

Washington - The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. More...

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