Tags: Banks + Fannie Mae + Fed + financial reform + investing + Senator Dodd + sub prime
Senator Dodd is pushing his financial reform bill caving-in to the Fed’s request to be the super-regulator and ignoring the Fannie Mae, Freddie Mac quagmire. No doubt staying away from decisions on the GSE’s is related to debt acknowledgement on the US’s balance sheet but how in the world does anyone think serious reform of [...]
April 24, 2010 - Politics - 0 Comments
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: Banks + Barney Frank + Economy + Fed + Federal Reserve + financial crisis inquiry + financial reform + Interest Rates + investing + Treasury
Watching the opening round of questioning of the ‘too big to fail’ banks by members of the Financial Crisis Inquiry Commission underscores what a heap of trouble we’re in and the likliness that meaningful financial reform will not happen. One one side of the bench you have uniformed, ill-equiped commission members taking jabs at savy, [...]
January 14, 2010 - Economy, Politics - 0 Comments
Tags: Bailout + Banks + Barney Frank + Congress + Fed + Federal Reserve + Geithner + Goldman Sachs + JPM + Taxes + Treasury
The Federal Reserve goes back to court in a few months to block Bloomberg’s lawsuit under the Freedom of Information Act to see which banks got favored treatment by the Fed & Treasury with the bailout funds. The Fed’s argument is that should the public know who got the funds there could be a run [...]
January 11, 2010 - Economy, Politics - 0 Comments
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