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AIG sues New York Fed over lawsuit rights

American International Group has filed a lawsuit against an investment structure created by the Federal Reserve Bank of New York to help bailout the insurer, in a bid to sue mortgage debt issuers. According to the complaint filed in the New York State Supreme Court in Manhattan, AIG is seeking…

Sen. Sanders blasts conflicts of interest at the Federal Reserve

Sen. Bernie Sanders on Wednesday explained the importance of ending conflicts of interest at the Federal Reserve. Jamie Dimon, the CEO and chairman of JPMorgan Chase, serves on the New York Fed’s board of directors. The Fed supervises the financial sector and decides whether to provide bank holding companies with…

New York Fed: Student loan debt now over $1 trillion

The Federal Reserve Bank of New York claimed in a published report Wednesday that student loan debt in the U.S. has now surpassed $1 trillion, for the first time ever exceeding the total amount of credit card debt held by Americans. Due to the rising cost of education across the…