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Fed’s Low Interest Rates Don’t Help the Economy—Unless You’re a Bank

by Kitty Testa We’ve now had about seven years of a near-zero Federal Funds Rate, and three phases of Quantitative Easing from the Fed since the economic meltdown of 2008. Is it working? Well, yes, and no. For most people, the most important economic indicator is personal: having a good job. Good jobs generally include…

Report Finds Eric Holder Blocked Bank Trial On Drug Cartel Money Laundering Scandal

By Kathryn Watson Former Attorney General Eric Holder overruled Department of Justice (DOJ) lawyers who said British banking giant HSBC should be prosecuted for missing hundreds of millions of dollars in money laundering by drug cartels, a congressional committee report said Monday. The report also stated the overruled DOJ lawyers recommended that charges be filed against HSBC Bank…