Regulatory Reform Implies Cause and Solution To Financial Meltdown The Same
The Federal Reserve failed miserably in preventing the meltdown of the American financial system. Worse yet, the Fed’s loose credit and monetary policies and failure to properly regulate the financial system was arguably one of the biggest [...]
Fiscal Discipline - Endorsed By All, Practiced By None
Has anyone noticed the correlation of “fiscal discipline” chatter to rising interest rates? Efforts by the Fed to manipulate rates lower through the outright purchases of treasuries and mortgage securities seem to be failing as the long [...]
Bonds Sell Off, Credit Ratings In Doubt & Mortgages ReDefault
Every day there are many great posts on the web. Here are some from the past week that merit a full read. The listing order is random.
Ok, I’m Done With Being Nice
Karl Denninger does not play nice [...]
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 [...]
Mr Greenspan, “There You Go Again”
Greenspan Insists He Was And Is The Maestro
Alan Greenspan, probably more responsible for the financial bust
than anyone else on planet earth, attempts to influence the history books by again (unsuccessfully) defending his record.
WASHINGTON — Former Federal Reserve [...]
Chinese Likely To Halt Purchases Of US Treasury Debt
Nervous Times In China
The Chinese are learning the hard way about an old American banking story. The man who owes the bank $50,000 dollars on a secured loan may lay awake at night worrying about how [...]
Greenspan Makes A Fool Of Himself - Again
It Wasn’t My Fault
Alan Greenspan insists on setting the record straight, proclaiming that his ultra easy monetary policies had nothing to do with causing the world financial crisis. This was about as convincing as his past statements [...]
Do Bernanke And Obama Talk To Each Other?
Bernanke Gives Upbeat Assessment On Economy
Chairman Bernanke predicted today that the recession would end in 2009. Some of his upbeat, optimistic comments included:
“If actions taken by the administration, the Congress and the Federal Reserve are successful in [...]
Bernanke Predicts 2010 Recovery In Stocks, Housing & Economy
Bernanke Predicts Recession To End In 2009
The stock market jumped over 200 points today, partly due to Federal Reserve Chairman Ben Bernanke’s optimistic comments to the Senate Banking Committee. Some selected comments by the Chairman follow:
“If actions [...]
