TV News LIES

Thursday, Aug 17th

Last update05:20:13 AM GMT

You are here News Economy It's No Joke: Fed Hires Failed Bank Executive

It's No Joke: Fed Hires Failed Bank Executive

E-mail Print PDF

The Federal Reserve Bank is drawing jeers for hiring a former top executive from the now-defunct investment bank Bear Stearns to help it gauge the health of other banks.

Michael Alix was head of risk management for Bear Stearns for two years until the institution imploded this spring, a victim of its (risky) subprime-mortgage related investments.

Last Friday, the Federal Reserve Bank of New York quietly announced it had hired Alix to advise it on bank supervision. 

TVNL Comment: This is not irony, this is evidence of conspiracy.

More...


Most Recent Related Stories...


Reality Check: America and the Foxconn Dream

Foxcom dream in WisconsinWisconsin is about to shell out as much as $3 billion for the privilege of luring...

JPMorgan Whistle-Blowers Set to Reap Record $61 Million Bounty

JP Morgan whitleblowersTwo whistle-blowers are set to share a record $61 million award from the Securities and Exchange...

Fed keeps interest rate unchanged amid low inflation

Janet YellenThe Federal Reserve declined Wednesday to raise its benchmark interest rate amid a low inflation rate...

CBO rejects Trump's claim that budget plan would eliminate deficit

Trump budgetThe Congressional Budget Office cast doubt Thursday on the White House’s claim that President Trump’s proposed...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!