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: China + Currency Manipulator + Economy + Geithner + investing + Treasury
AP News has just reported that the American Chamber of Commerce in China has issued a report that US companies are finding it more difficult to do business in China, particularly in certain domestic sectors. It seems that we had better be careful what we wish for and realize actions have consequences. The US has [...]
April 2, 2010 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Banks + Deficit + Geithner + Goldman Sachs + Greece + Lloyd Blankfein
Lloyd Blankfein, Goldman Sach’s CEO defended his firms practices saying he saw Goldman as doing “God’s Work.” Selling disguised subprime mortgages as AAA paper to pension plans and sovereign governments, devising camaflouge trades to mask debt and regulatory problems, holding out for the last dollar on AIG Credit Default Swaps to make profit on the [...]
March 4, 2010 - Politics - 0 Comments
Tags: Bailout + Barney Frank + China + Congress + Economy + Federal Reserve + Geithner + Goldman + Paulson
Former Treasury Secretary Hank Paulson is spending an inordinate amount of time defending his actions and honor. Using the tools he honed to climb to the top of Goldman Sachs he side-steps his faults and steers conversations to other places. At the Community of Conerned Journalists in New York yesterday (Economist Magazine Report) Mr. Paulson [...]
March 3, 2010 - Politics - 0 Comments
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