Tag Archives: The Fed

Our Next Fed Chair, A Proven Fighter for All Americans: Sheila Bair

By RayLearsy | Published September 17, 2013

As featured on The Huffington Post: Phil Angelides is a man who should know. He served as Chairman of the 10-member bipartisan Financial Crisis Inquiry Commission appointed by the United States Government to investigate the causes of the 2007-2010 financial crisis which was to become known as the Angelides Commission. In a recent opinion piece in consequence…
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Also tagged Barack Obama, Business, Fedral Deposit Insurance Corporation, Financial Crisis, Financial Inquiry Commission, Goldman Sachs, Henry Paulson, Janet Yellen, Phil Angelides, Politics News, Sheila Bair, Timothy Geithner, Treasury Department | Tagged Barack Obama, Business, Fedral Deposit Insurance Corporation, Financial Crisis, Financial Inquiry Commission, Goldman Sachs, Henry Paulson, Janet Yellen, Phil Angelides, Politics News, Sheila Bair, The Fed, Timothy Geithner, Treasury Department | Leave a comment

The Smoking Gun of Higher Oil Prices

By RayLearsy | Published September 16, 2013

As featured on The Huffington Post: There, in plain sight for all to read, the highly influential New York Times, in an article about the manipulative speculation in ethanol markets and the obscure but phenomenally profitable ethanol credits (having skyrocketed more than 20 times in the last six months) and in turn its impact on the price for gasoline…
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Also tagged Business News, Commodity Futures Trading Commission, Congress, Ethanol, Financial Crisis, Gas & Oil, Jpmorgan, Morgan Stanley, The New York Times | Tagged Business News, Commodity Futures Trading Commission, Congress, Ethanol, Financial Crisis, Gas & Oil, Jpmorgan, Morgan Stanley, The Fed, The New York Times | Leave a comment

The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers

By RayLearsy | Published August 12, 2013

As featured on The Huffington Post: That banks are able to manipulate became clear as a bell with the findings of the Libor interest rate fixing scandal (“Everything is Rigged: The Biggest Price Fixing Scandal Ever” Rolling Stone 04.25.13) whereby some sixteen too big to fail banks were accused of colluding to manipulate interest rates…
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Also tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, U.S. Sen. Sherrod Brown | Tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown | Leave a comment

JPMorgan Exits Physical Commodity Trading

By RayLearsy | Published July 29, 2013

As featured on The Huffington Post: Quite dramatically, being the biggest bull in the China shop, JPMorgan Chase made the striking announcement this past week that it would quit trading in physical commodities. This in a week during which a Senate panel held hearings on whether banks such as Goldman Sachs and JPMorgan are manipulating commodity/material…
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Also tagged Bart Chilton, Business News, Gas & Oil, Glencore, Goldmansachs, Huffingtonpost, Jamie Dimon, Jpmorgan, Jpmorgan Commodities, JPMorgan Commodities Trading, JPMorgan Physical Commodity, London Metal Exchange, Motiva-Oil-Refinery, Proprietary Trading, Saudi, Sen. Sherwood Brown, Senate Banking Subcommittee Ferc, Vitol, Volcker Rule, WTI | Tagged Bart Chilton, Business News, Gas & Oil, Glencore, Goldmansachs, Huffingtonpost, Jamie Dimon, Jpmorgan, Jpmorgan Commodities, JPMorgan Commodities Trading, JPMorgan Physical Commodity, London Metal Exchange, Motiva-Oil-Refinery, Proprietary Trading, Saudi, Sen. Sherwood Brown, Senate Banking Subcommittee Ferc, The Fed, Vitol, Volcker Rule, WTI | Leave a comment

JP Morgan Accused of Rigging Energy Markets. A Feather Duster Anyone?

By RayLearsy | Published July 18, 2013

As featured on The Huffington Post: There they go again. First there was Enron rigging energy markets. Now the sights are set on JP Morgan Chase, where the Wall Street Journal reported on Wednesday, “JP Morgan, Energy Regulator Near Record Settlement.” Record settlement, really? The number bandied about is $1 billion, or one sixth of the…
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Also tagged Barack Obama, Blythe Masters, Business News, energy, Energy Markets, Enron, Federal Energy Regulatory Commission, Gas & Oil, Jamie Dimon, JPMorgan Chase, Oil Gas, RBS Sempra, Volcker Rule | Tagged Barack Obama, Blythe Masters, Business News, energy, Energy Markets, Enron, Federal Energy Regulatory Commission, Gas & Oil, Jamie Dimon, JPMorgan Chase, Oil Gas, RBS Sempra, The Fed, Volcker Rule | Leave a comment

Our Economy Sorely Needs a Boost. The Strategic Petroleum Reserve, Anyone?

By RayLearsy | Published June 24, 2013

Unemployment is still over 7 percent, the Fed has signaled the gradual end of its QE3 program, the stock market is retreating and the economy still remains deeply sluggish. Yet the price of oil remains at an exorbitant $95 barrel, totally without justification given the near-record inventories on hand and the booming production in the…
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Also tagged Business News, Canada Oil Production, ExxonMobil, Gas & Oil, Obama Presidency, Quantitative Easing (QE2), Stock Market, Strategic Petroleum Reserve, U.S. Crude Production | Tagged Business News, Canada Oil Production, ExxonMobil, Gas & Oil, Obama Presidency, Quantitative Easing (QE2), Stock Market, Strategic Petroleum Reserve, The Fed, U.S. Crude Production | Leave a comment