Federal Reserve Board Chairman Ben Bernanke gave a speech yesterday in which he said that he thought the minimal regulation of hedge funds now in place was just fine. It might have been worth mentioning that his predecessor, Alan Greenspan, thought it was necessary for the Fed to intervene in 1998 when one hedge fund, Long-Term Capital, collapsed in 1998. Greenspan said that he feared the damage to the financial system. If Mr. Bernanke subsequently finds it necessary to act in the same way, his earlier comments about hedge fund should be noted.
A second Trump administration will cement a right-wing majority on the Supreme Court for a generation, and put our collective future in the hands of someone who will be virtually unchecked by our institutions. The country has shifted rightward, and the reverberations will ensue for potentially the next few decades. In this climate, a robust independent media ecosystem will be more important than ever. We're committed to bringing you the latest news on how Trump's agenda will actually affect the American people, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in this country.
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