Contents Pages by Subject

Federal Reserve

Subject Photo
Article Image

Michael Shedlock / Mish

In the end all this does is create more mistrust and suspicion about what is real and what is imaginary. That suspicion may be more damaging than actual disclosure....

News Link • Global Reported By
Article Image

NY Times

The Treasury Department will propose that Congress give the [private] Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might po

Article Image

www.businessweek.com

The renegotiated deal is bound to cause complaints that the nation's central bank has been sucked into supporting a partial bailout. (There is no summary of this story that gives justice to what is happening,... read and cry)

Article Image

NY Times

As Congress and the Bush administration struggle to contain the housing and credit crises — and prevent more Wall Street firms from collapsing as Bear Stearns did — a split is forming over how to strengthen oversight of financial institutions after d

Article Image

Michael Shedlock / Mish

Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis.

News Link • Global Reported By
Article Image

Telegraph.co.uk/news

We may never know for sure whether the Federal Reserve's rescue of Bear Stearns averted a seizure of the $516 trillion derivatives system, the ultimate Chernobyl for global finance.

News Link • Global Reported By
Article Image

APMEX.com

"Due to the OVERWHELMING demand for precious metals, our online ordering system has been unable to keep up with our customers’ needs. " [standard rules of unintended consequences and malinvestment apply]

Article Image

Reuters

U.S. investment banks Goldman Sachs, Lehman Brothers and Morgan Stanley are testing a new program that allows investment banks to borrow directly from the Federal Reserve, according to people at the banks. [these ain't banks]

Article Image

AP

The Federal Reserve is expected to aggressively lower interest rates in its intensified battle against the credit crisis and spreading economic weakness. The question is whether all of the effort will turn the tide. [the rest will make you vomit]

Article Image

Guardian.co.uk

Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in.

News Link • Global Reported By
Article Image

Michael Shedlock / Mish

Current accounting rules allow banks to pretend. And certainly the Fed is going out of its way to bend the rules to allow new forms of pretending. Expect to see still more accounting rules that allow broker dealers to pretend.

News Link • Global Reported By
Article Image

The Australian

FEARS are growing that the US Federal Reserve may soon find itself short of the funds needed to continue propping up the nation's financial system. Analysts believe the threat to the financial system ... is getting too big for the Federal Rese

Article Image

TheMessThatGreenspanMade.blogspot.com

You know the reason they did it this way was because, if Bear Stearns had to declare bankruptcy, you'd realize that Bear Stearns paid out billions of dollars in bonuses in January - six weeks ago. If he let them go into bankruptcy....

News Link • Global Reported By
PirateBox.info