The Federal Reserve Bank of New York in November chose not to pursue tough negotiations with large foreign and domestic banks and instead allowed them to receive 100 cents on the dollar in government funds to settle tens of billions of dollars of exotic financial bets guaranteed by American International Group.
At the time, Timothy Geithner, now Treasury Secretary, headed the powerful New York Fed.
Why didn't Fed force big banks to take less of AIG bailout?
President Donald Trump took executive action on July 20 to impose a new 50% tariff on...
For his work chairing the US Federal Reserve, Alan Greenspan, who has died aged 100, was...
The board game Monopoly has always taught some important economic lessons: The benefits of owning real...
Before Sayuri Tsuchitani became an entrepreneur, she spent two decades on her feet: cutting, coloring and...
