Mr. Wenzel didn't hold back - at all.

Helicopter Ben Bernanke still trying to convince us that it was a good idea to use taxpayers' money to prop up an insolvent financial system.

Getting what should be public information about major Wall Street firms can be maddeningly difficult.

Bloomberg News journalist WIlliam D. Cohan discovered this in his efforts to get information on the $1.2 trillion in “secret loans” the Fed doled out during the financial crisis.

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This is what helicopter Ben Bernanke is doing at the Federal Reserve!

While many Americans may not realize it, the Fed has taken on a much larger regulatory role than at any time in history. Since the Dodd-Frank financial overhaul became law in July 2010, the Fed has held 47 separate votes on financial regulations, and scores more are coming. In the process it is reshaping the U.S. financial industry by directing banks on how much capital they must hold, what kind of trading they can engage in and what kind of fees they can charge retailers on debit-card transactions.

The Fed is making these sweeping changes--the most dramatic since the Great Depression--almost completely without public meetings.

John Allison is the former chairman and CEO of BB&T, the nation's 10th-largest financial holding company. He was named one of the 100 most successful CEOs by the Harvard Business Review and since 2009 has been on the Wake Forest University Schools of Business faculty as Distinguished Professor of Practice.

Allison spoke to the PITTSBURGH TRIBUNE-REVIEW about the Federal Reserve Board's detrimental effect on the nation's slow recovery from the worst economic downturn since the Great Depression.

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Federal Reserve officials Wednesday said they expect short-term interest rates to stay close to zero through late 2014, longer than previously indicated, as they signaled dissatisfaction with the recovery and confidence that inflation is slowing.

Federal Reserve Chairman Ben Bernanke and most of his colleagues showed little concern when house prices started to decline in 2006, predicting “a soft landing” in the then-strong U.S. economy, transcripts from the central bank released Thursday show.

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Stock markets soared after the U.S. Federal Reserve and other central banks unexpectedly announced a plan to make it cheaper for banks around the world to borrow U.S. dollars.

The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.

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