Tags: China + Economy + Foreign Policy + Interest Rates + obama + Russia + Stocks
President Obama has now twice rankled the Chinese by making decisions that China believes are not supportive of its One China Policy. With his latest overture to meet with the Dalai Lama whom the Chinese government considers a separatist exile seeking support of an independent Tibet, President Obama is rubbing salt in a festering womb. [...]
February 3, 2010 - Economy, Markets - 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: 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: Banks + Barney Frank + Charles Rangel + Congress + Economy + Federal Reserve + Interest Rates + Senator Dodd
Today the US Senate passed a bill to reign-in some, but not all, of the egregious credit card lending practices. If the bill becomes law as is expected, banks will no longer be able to short-cycle billing statements to increase the chance of late fees (they can still send unmarked letters as long as the [...]
May 19, 2009 - Economy, Politics - 0 Comments
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