Former Fed officials lament taxpayers’ inability to see necessity of bank bailouts

"The three asserted that they had no choice but to use taxpayer money to stabilize the financial institutions. Paulson said, 'I was totally ineffective at having the American people understand that what we were doing was for them and not for Wall Street.'"

Continue ReadingFormer Fed officials lament taxpayers’ inability to see necessity of bank bailouts

Malaysian development fund officials stole $4.5 billion, and no one’s talking

"The major culprits in Malaysia’s epic 1MDB financial scandal may already have destroyed much of the evidence against them but newly minted Finance Minister Lim Guan Eng is confident a global money trail will reveal the truth."

Continue ReadingMalaysian development fund officials stole $4.5 billion, and no one’s talking