Tags: Banks + Barney Frank + Congress + Darrell Issa + Fed + Federal Reserve + Geithner + Paulson + Treasury
RI Senator Darrell Issa is hot on the trail of the Fed. He has tenaciously dogged the details of the NY Fed’s cover-up of AIG’s 100 cents on the dollar payments to Goldman Sachs, Societe General, and Merrill Lynch and discovered that the banks, after issuing high probability to default loans, then bet on them [...]
February 23, 2010 - Economy - 0 Comments
Tags: Deficit + Deficit spending + Economy + Stimulus + Taxes + Tea Party + Treasury
Today the Governors Association will meet with President Obama to ask for help. State revenue coffers are empty are below budget given to the longevity of the Great Recession. For this fiscal budget year ending in October, despite deep cuts, states still are running deficits. And according to the Govenors’ survey fiscal years 2011 and [...]
February 22, 2010 - Economy - 0 Comments
Tags: Bailout + Banks + Blankfein + China + Federal Reserve + Geithner + Goldman + Paulson + Treasury
Goldman Sachs is gaining infamy. When Hank Paulson (former head of Goldman Sachs) headed Treasury and Tim Geithner was at the NY Fed, Goldman apparently got about whatever it wanted including bailouts, favorite son treatment–100 cents on the dollar restitution on AIG derivatives, a Banking Charter, and if my suspicions are correct backdoor payments [...]
February 18, 2010 - Politics - 0 Comments
Tags: Barney Frank + Deficit + Deficit spending + financial reform + obama + Treasury
The Republican Party has annouced its strategy for 2010: Identify the issues that unite the GOP caucus but devide the Democrats and then use them to drive a wedge between the White House and Congressional Democrats. Meantime President Obama signed into law
February 14, 2010 - Economy - 0 Comments
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