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The Federal Reserve Board came under attack from congressmembers yesterday for its unprecedented role in orchestrating the $3.5 billion bail-out of the hedge fund Long-Term Capital Management. The Fed was accused of helping organize an anti-competition cartel between international banks and LTCM, which would wield more power than any single central bank.
Guest:
- Doug Henwood, Editor of Left Business Observer, a monthly magazine. He is also author of Wall Street.
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StoryMay 13, 2024“The Plan Is Genocide”: Palestine’s U.K. Ambassador Decries Israel’s Attack on Gaza & U.S. ComplicityThe original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.
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