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Was Kennedy's assassination a warning to future leaders not to screw with the Fed? Perhaps. END THE FED
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An announcement of the regulatory structure could come by the end of the week when President George W. Bush hosts a gathering of world leaders in Washington to discuss ways to fix the financial crisis, said one of the people who has read a draft of t
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But few things are inevitable. The world may choose to create a one world currency, under the control of the Fed and the Central Banks, which is a prelude to One World Government. This would be one way to extend the existence of a fiat regime.
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The Federal Reserve is refusing to identify the recipients of almost $2 TRILLION (!) of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
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The IMF orthodoxy is austerity, sacrifice, deregulation, privatization, union busting, wage reductions, free trade, the race to the bottom, and prohibitions on advanced technologies. These policies would strangle humanity.
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``This commitment may not be sufficient to keep us in solvent condition or from being placed into receivership,'' if there are further ``substantial'' losses or if the company is unable to sell unsecured debt
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The Federal Reserve on Monday evening granted a request by American Express to become a bank holding company, giving it access to low-cost financing from the Fed.
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But now we get to the heinous part. AIG should have no rights at this point. Zero. Zip. Nada. Yet the Fed is treating AIG as a party that has rights and is negotiating with them, as opposed to dictating terms. This is staggering.
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It is testament to the sheepish nature of this country that we can have organs of our government literally grab an amount of money equal to the entire federal budget and operate it as a "black program", refusing to comply with Congressional
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The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
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– American International Group Inc., the insurer bailed out by the U.S., may get lower interest rates and more time to repay its debt in a new government rescue package valued at more than $150 billion.
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Today, our assets exceed $1.9 trillion. I would not be surprised to see them aggregate to $3 trillion—roughly 20 percent of GDP—by the time we ring in the New Year.”
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The collapse came so fast it seemed unreal, impossible. One woman here compared it to being hit by a train. Another said she felt as if she were watching it through a window. Another said, “It feels like you’ve been put in a prison, and you don’t kno
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``The American taxpayer is entitled to know the risks, costs and methodology associated with the unprecedented government bailout of the U.S. financial industry,'' said Matthew Winkler, the editor-in-chief of Bloomberg News.
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History tells us that nations caught in this mess, if they pass the event horizon of monetary failure and are representative governments, never escape without passing through a totalitarian regime.
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Look for the national debt to surpass $12 trillion next year. CNN published a good piece today summarizing all the bailouts to date. They put the price tag, so far, at $3 trillion. That’s not money we’ve spent yet, it’s commitments the Feds have m
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The Bernanke Twist is a direct effort to try and support prices; to stop destructive debt deflation. We are in uncharted territory though. The Fed is not just trying to game the market in US government debt. It’s trying to support the entire asset-ba
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A country has reached this final stage if, as a result of war or blatant mismanagement, it has gambled away all trust, can no longer service its debt or convince anyone to lend it any money, no matter how high an interest rate it promises to pay.
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The Treasury may need to borrow up to $2 trillion in fiscal 2009, according to some members of the Treasury's borrowing advisory committee, made up of 18 primary government bond dealers.
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Two generations of Americans have lived in a world where a demonetized currency was beyond imagination. Now the bailouts and bank consolidations have positioned the economy to go over the cliff.
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He was the chief risk officer of Bear Stearns from 2006 until 2008. So, basically, he was the guy on the mast charged with yelling "iceberg" just before the Titantic introduced its bow to a floating hunk of ice.
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The government will borrow a record $550 billion in the current quarter as it scrambles to fund the huge rescue programs being put in place to deal [or steal] with the worst financial crisis in seven decades.
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Lockhart already acknowledged a cap for support like this at $200 billion tops for Fannie + Freddie. Real news would be raising this number, or Hank hinting that the sky’s the limit...
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Treasury and banking regulators say as many as 1,800 publicly held institutions could apply for government investments in coming weeks, out of concern that failing to do so could make them losers...
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The U.S. may sell a net $388 billion of bills, notes and bonds this quarter, up from $178.4 billion last quarter and $33.4 billion in the same period of 2007, according to a quarterly survey. Ten times last year's levels.
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The entirety of the banking regulatory system is now focused on one thing: guaranteeing that the pernicious and pervasive fraud embodied in the intentional gaming of valuations over the last 20 years continues, even if the only "sucker" lef
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I have never seen anything like this. The adjusted monetary base over the last eight weeks has risen at 341% per annum. The increase in the monetary base is $300 billion
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Federal Reserve bought commercial paper valued at $145.7 billion in the first days of the program aimed at backstopping the market, indicating the central bank is generating most of this week's record gains in short-term corporate borrowing.
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Hollywood director Russo goes in-depth for first time on the astounding admissions of Nick Rockefeller, including his prediction of 9/11 and the war on terror hoax, the Rockefeller's creation of women's lib, and the elite's ultimate plan
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The cost to hedge against losses on $10 million of Treasuries is about $40,000 annually for 10 years, up from $1,000 in the first half of 2007, based on CMA Datavision prices.
