China raises bank reserve ratio to rein in lending

China raises bank reserve ratio to rein in lending
BEIJING -China on Sunday told banks to increase the amount of money they must keep in reserve as it tries to rein in new lending amid fears of a property bubble and economic overheating.
Read more on The Malaysian Mirror

USA — Federal Reserve 1 / 4

Board openings give Obama a rare chance to remake the Federal Reserve

Board openings give Obama a rare chance to remake the Federal Reserve
The No. 2 official on the Federal Reserve Board said Monday that he will retire, opening a third seat on what may be the world’s most powerful economic body and giving President Obama a historic opportunity to reshape the central bank.
Read more on Washington [...]

Fed President: Great Depression Possible If Federal Reserve Stripped Of Bank Oversight

Fed President: Great Depression Possible If Federal Reserve Stripped Of Bank Oversight
The U.S. risks falling into another “Great Depression” if the Federal Reserve is stripped of its bank oversight powers, a top Fed official warned Tuesday.
Read more on HuffingtonPost.com via Yahoo! News

the Federal Reserve is worsening the depression

CNBC: “What would be the first two things you would do if you were in Mr Ben Bernanke’s seat”? Jim Rogers: “I would Abolish the Federal Reserve and Resign”. “Recessions are good, they clean out the excesses, you start again from a sound foundation and then you go again”. “Spending all this money trying to [...]