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: 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
Tags: Bailout + Economy + Euro + Federal Reserve + Greece + investing + Markets + Treasury
Markets around the world are unsettled and the blame is being cast on the probable spread of the financial crisis in Greece to other nations including Portugal and Spain. Meanwhile election in the UK are adding to the uncertainty. The US dollar is the benefactor and US stocks are declining in lockstep–they have runup on [...]
May 8, 2010 - Markets - 0 Comments
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