Tags: Bailout + Banks + Economy + Federal Reserve + investing + Markets
The financial markets, to borrow a term from Fed Chairman Bernanke about the economy, are “unusually uncertain.” Yet on balance the greater volatility is not a category 5 event to worry about. That’s because global regulators are at the helm. They have too much invested in bailouts to let things go to hell now. As [...]
July 28, 2010 - Markets - 0 Comments
Tags: Barney Frank + Deficit + Economy + Federal Reserve + financial reform + Geithner + Ginnie Mae + Treasury
The House and Senate versions of the financial reform legislation is in the reconciliation process to merge the two bills into one. The Fed and their lobbyists have already won no matter what the final version becomes. The single onerous provision remaining is for the GAO to audit the Fed’s monetary policy decisions, but since [...]
June 11, 2010 - Economy, Politics - 0 Comments
Tags: Bailout + Economy + investing + Markets + Stocks + Taxes
The US economy is not on the precipice as pundits would have you believe by listening to their prognostications and comparisons of the Greece and the EU to the US. Yes there are similarities in government spending gone wild but the US has a dynamic economy unlike Greece and is taking pro-active action unlike the [...]
May 26, 2010 - Markets - 0 Comments
Tags: Banks + Barney Frank + Chris Dodd + Economy + Federal Reserve + financial reform
It is well known that Congress is paid by lobbyist to change bills proposed that have adverse consequences to business. Both Senator Christopher Dodd, Chairman of the Senate Banking Committee his counterpart Barney Frank in the House have adamantly claimed that these contributions never change their votes. SB has previously opined on the truthfulness of [...]
May 17, 2010 - Politics - 0 Comments
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