Tags: China + Economy + Geithner + Inflation + investing + Treasury
The US Treasury is auctioning off freshly printed debt this week that totals $115 billion. Beginning August 11 it will issue more ending fiscal 2009 with new issuances totalling almost $2 trillion. Fiscal year 2010 is estimated to require another $1.5 trillion if no new stimulus is required. It’s anyone’s guess what the tally of [...]
July 29, 2009 - Economy, Markets, Politics - 0 Comments
Tags: AIG + Bailouts + Barney Frank + Christopher Dodd + Economy + Geithner + investing + Markets + Stimulus + Treasury
About six months back, Business Week reported that influencial Democrats were at the head of the line as recipients of the Financial Industry lobbyist money. Both Congressperson Barney Frank who is Chariman of the House Financial Services Committee and his counterpart in the Senator, Christopher Dodd who is Chairman of the Committe on Banking, Housing and Urban Affairs dismissed any [...]
July 23, 2009 - Politics - 0 Comments
Tags: Banks + Economy + Federal Reserve + Inflation + investing + Markets
Investors are looking for answers as to how the Fed will be able to contain inflation given the amount of money it has printed and guaranteed for the private sector and the expected trilion dollar deficits this year and next. Fed Chairman Bernanke is expected to provide some answers this week and it looks like there [...]
July 20, 2009 - Economy - 0 Comments
Tags: Bailout + Banks + Economy + Federal Reserve + Ginnie Mae + Treasury
CIT, a second tier lender to small businesses and individuals became a bank to access the Treasuries TARP program. Treasury lent CIT $2.3 billion, but they still need more. Over the past few months CIT has sought to get Treasury and Fed officials to guarantee new issuances of its debt. Yesterday the answer came. NO. [...]
July 16, 2009 - Economy - 0 Comments
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