Oct 1 2013 | 1:23 PM
Sorry -- We're CLOSED ...  Internet Cafes Shut...

(Photo credit: marsmet526)

Financial regulators are responding to the government shutdown by keeping essential functions going with reduced staff, according to contingency plans submitted by the agencies.

The SEC will continue to handle emergency law enforcement matters and investigations “necessary to protect public and private property,” but will cease commencing new investigations “except as...

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Sep 17 2013 | 4:26 PM

With the Federal Reserve turning 100 this year, the House Financial Services Committee recently held a hearing aimed at examining the Fed’s legacy and discussing how to improve the Fed’s performance going forward. Perhaps not surprisingly, much of the debate centered on the Fed’s quantitative easing policies.

In his opening remarks, Dr. Allan Meltzer, a professor of Political Economy at Carnegie Mellon, criticized Congress for not effectively scrutinizing the Fed, especially regarding QE. “One of the great failures of recent years has been the failure of Congress to find an effective way of providing Congressional oversight,” Meltzer said. “We have an agency which has doubled and then redoubled the size of its balance sheet without any vote by the Congress to spend that amount of money. Trillions of dollars.”

Dr. Josh Bivens, Research and Policy Director at the Economic Policy...

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Sep 17 2013 | 4:21 PM
President Barack Obama addresses reporters abo...

President Barack Obama addresses reporters about the economy and the need for financial reform in the Diplomatic Reception Room of the White House on February 25, 2009. (Photo credit: Wikipedia)

The American Action...

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