FDIC Considers Borrowing From Treasury As Banking Failures Increase
FDIC May Request Treasury Loan As Losses Grow
The FDIC always takes pride in noting that it is self funding and covers failed bank losses by assessments on FDIC insured member financial institutions.
Congress created the Federal Deposit Insurance [...]
The FDIC Deposit Insurance Fund (DIF) - A Risky Game Of Confidence
FDIC Rightly Worries About Public Confidence
Due to the large number of bank failures during 2009 the FDIC Deposit Insurance Fund (DIF) has fallen to the lowest level since March 1993. Numerous headlines are screaming that the FDIC [...]
FDIC Tells Banks California IOU’s Good As Gold
Bank Have Enough Bad Assets
Yesterday, a group of major banks, including Bank of America, Citigroup, JP Morgan and Wells Fargo, said that they would stop accepting California IOU’s. The State of California, virtually out of cash, has [...]
Geithner - “I am not a crook”
“Chinese assets are very safe”
This remarkable assertion regarding the safety of US debt securities held by China was made by Timothy Geithner, US Treasury Secretary, during his visit to China. That Mr. Geithner felt compelled to make [...]
The Futility Of Lower Interest Rates, Obama Motors, “Atlas Shrugged” Sales Surge & Confidence Mounts
As stock markets surge, GM’s future is suddenly bright and consumer confidence soars, here are some recent blog posts worth the read with some alternative insights.
Why lower interest rates are not effective monetary policy
If too much debt [...]
California’s Crash Omen of Nation’s Future
Borrow and Spend = Crash and Burn
California has always been the trend setter for the nation but never more so than today as it totters on the edge of insolvency. The theory that States or Nations cannot [...]
New Twist On Stimulating Economies - Work Less
Desperation Produces Silly Suggestion
Governments worldwide are obsessed with pushing consumers to spend more. From Japan we now have a new twist on how to stimulate spending. Government bureaucrats (with obviously too much time on their [...]
Are Geithner’s Days Numbered? Banks And Investors Have Zero Confidence
First Impressions Hard To Reverse
The old saying in the recruiting business is that one is judged in the first 15 seconds of a job interview. Irregardless of what happens for the rest of the interview, that first [...]
The Economic Collapse Continues - Logical Minds See No Signs Of A Bottom
No Signs Of A Bottom
The market continues its massive sell off in a resounding vote of no confidence on the measures being taken to reverse the economy’s downward spiral. A contrary investor buying the dips over the [...]
