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: 2010 elections + Bailout + Banks + Barney Frank + Deficit + Federal Reserve + Geithner + Ginnie Mae + Interest Rates + Treasury
Chairman of the House Financial Services Committee, REP Barney Frank sounded like a cheerleader for banking not a fiduciary charged with oversight. This morning on CNBC Frank actually argued that big banks weren’t the problem, it was the non-banks that were, and that is the target of the US House’s Financial Reform legislation
January 5, 2010 - Economy, Politics - 0 Comments
Tags: Bailout + Banks + Economy + Federal Reserve + Ginnie Mae + Treasury
CIT, a second tier lender to small businesses and individuals became a bank to access the Treasuries TARP program. Treasury lent CIT $2.3 billion, but they still need more. Over the past few months CIT has sought to get Treasury and Fed officials to guarantee new issuances of its debt. Yesterday the answer came. NO. [...]
July 16, 2009 - Economy - 0 Comments
Tags: Bailout + Banks + Deficit + Economy + Federal Reserve + Ginnie Mae + JPM + Taxes + Treasury
We celebrate the independence of all Americans against the tyranny of opression this Fourth of July. England had colonized America and was exploiting its immigrants sucking out their life and liberties by taxation without representation until outrage turned into violence. The French came to the aid of the American colonies and eventually General Cornwallis was [...]
July 4, 2009 - Economy, Politics - 0 Comments
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