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: 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: Bailout + Barney Frank + Congress + Economy + FDIC + Federal Reserve + financial reform + Treasury
The verdict is in on the appeal of Bloomberg News Freedom of Information Act request for Federal Reserve documents related to bailing out of the banks and justice has prevailed. The Fed must finally disclose the amounts lent, and to whom. Soon the American tax payer will know which banks would have failed [...]
March 20, 2010 - Politics - 0 Comments
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