Analysis: Only time will define Bernanke's crisis-era legacy at Fed

(Reuters) – Ben Bernanke did not hesitate when asked whether he was confident that his signature response to the Great Recession would work. “Well, the problem with QE is that it works in practice but it doesn’t work in theory,” the head of the U.S. Federal Reserve quipped earlier this month during his last public […]

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The Issue: U.S. long-term unemployed about to lose extended benefits

Vera Volk of Lynn, Mass., is scared. With her state unemployment benefits about to run out, the federal extended benefits about to expire and her husband’s information technology consulting business in the tank, she doesn’t know how her family will survive. Volk was among the witnesses who appeared before a Democratic Steering and Policy Committee […]

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DOJ, FBI admit they inflated claims about mortgage fraud crackdown last year

“The Justice Department and FBI have quietly acknowledged they grossly overstated the scope of a mortgage fraud crackdown, which the administration heralded with much fanfare a few weeks before last year’s presidential election. According to a memo circulated by the FBI and a correction posted online by the Justice Department, the number of defendants, the […]

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