Federal Reserve Bank of New York

Angst In America - Turning Today's Millennials Into Tomorrow's Debt Serfs

"Being young and having no job remains stubbornly common... Like medieval serfs in pre-industrial Europe, America’s new generation, particularly in its alpha cities, seems increasingly destined to spend their lives paying off their overlords, and having little to show for it. "

U.S. Prepping Case Linking North Korea To $81MM New York Fed Bank Heist

As tensions between the U.S and North Korea continue to escalate, with the most recent provacation coming from Kim Jong Un just last night, the Wall Street Journal has just reported that Federal prosecutors are building potential cases that would accuse North Korea of directing the theft of $81 million from Bangladesh’s account at the Federal Reserve Bank of New York last year.

Frontrunning: March 21

  • Gorsuch Strives to Present Himself as Above Political Fray (WSJ)
  • Investigation Could Hurt Trump’s Clout in Congress (WSJ)
  • U.S. to Ban Laptops and Tablets in Cabins of Some Mideast Flights (BBG)
  • Tillerson no-show at NATO renews European disquiet about Trump (Reuters)
  • Don’t Blame Your Social Media Feed for the Growing Political Divide (BBG)
  • High-Frequency Traders Fall on Hard Times (WSJ)
Reggie Middleton's picture

The Winkelvoss Bitcoin ETF just might be salvageable. There were some fairly egregious misconceptions and dated understandings in the SEC's reasoning to reject the application. I can show those who are interested how to construct a stronger application that overcomes the objections. The demand is there, we just need to get the vehicle correct.

World's 2nd Largest Stockpile Of Gold Leaves The United States

Even after the Soviet Union fell, most governments still chose to keep their gold in New York. It was safe. America was a rich, trusted ally. Why bother moving it? Fast forward a few decades and the world has clearly changed. Germany was among the first out the door...

The Fed's General Counsel Is Retiring

The Federal Reserve's general counsel, Scott Alvarez, will retire this year after a 36-year career at the central bank including more than 12 years as head of the Legal Division. the Fed said Wednesday.