1. The Fed is constantly worrying about investor sentiment. But the danger there is that you get caught up in that and you do things for PR reasons rather than sound financial reasons because you think that confidence will take over — and then it becomes something that you’ve done for appearances rather than solid financial reasons.

    — Since the financial crisis of 2008, the Federal Reserve has shrugged off warnings and let the largest U.S. financial firms pay tens of billions of dollars in dividends to shareholders, instead of putting aside money as capital in case a new financial crisis hits. On today’s Fresh Air, investigative reporter Jesse Eisinger explains how the Fed made a critical oversight in the wake of the financial crisis — despite objections from the Federal Deposit Insurance Corp. His report was published jointly by ProPublica and The Atlantic online.

  2. federal reserve


    jesse eisinger