So now that two years of QE (in their 1, Lite and 2 iterations) are in the history, we finally can run some correlation analyses to see just what asset class the Fed had been targeting all along.
More than 36 percent of the cumulative collateral pledged to the US central bank in return for overnight funding under the Primary Dealer Credit Facility was equities or bonds ranked below investment grade. A further 17 percent was unrated credit...
The Federal Reserve withheld details on individual securities pledged as collateral by recipients of $885 billion in central bank loans, denying taxpayers a measure of the risks they faced from its emergency aid.
"At the depths of the worst foreclosure crisis since the Great Depression, we are surprised that the Fed has proposed rules that would eviscerate the primary protection homeowners currently have to escape abusive loans and avoid foreclosure
In one program alone the Fed doled out nearly $9 trillion in funds to borrowers such as Morgan Stanley and Merrill Lynch, largely at interest rates below 1 percent.
Chris Whalen "The Fed was set up to help the real economy when Wall Street periodically destroyed it's self... The Fed is now there to support the speculators, and they let the real economy go to hell"
The Federal Reserve pumped trillions of dollars into all manner of banks, investment firms and major companies during the financial crisis, according to documents released that reveal for the first time the full scope of the Fed's emergency lending.
Here is the question no one will ask. Did American banks sell these foreign banks Mortgage Backed Securities that were hollow shells, because the notes had never been put into the trusts under New York state rules.
We now know the Fed also acted in a secondary bail out capacity, providing over $350 billion in short term funding exclusively to 35 foreign banks, of which the biggest beneficiaries were UBS, Dexia and BNP.
What we were not told is that the "collateral" they took was so bad that it was in some cases valued at TEN CENTS on the dollar or less, and in each of these cases it leaves open the question as to where is that collateral now...
European Central Bank - 271 borrowings for gross rolling total of just over $8 trillion.
Check out all of the redactions. They start on page 41 and go until the last, page number 2400.
From Reuters: "US official says US would be ready to back larger European financial stability fund via increased IMF commitments." In other words, America, and its oh so rich middle class, is about to bail out Europe again.
Assange said the leak -- early in 2011 -- "will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms." It would blow the lid off an "ecosystem of corruption," he a
The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression.
Tomorrow, the Fed will begrudgingly release documents that may reveal which banks would have failed without a bailout.
- The phenomenon of “monetizing the debt” is nicely captured by the combined and long-term picture of the dollar and the 10-year Treasury yield. Specifically, it looks unsustainable.
The people responsible for this know what they're doing is not only wrong, they know factually that it cannot work in the intermediate and long run. They don't care. They're only interested in their ability to loot.
Now, despite mounting evidence of borrower mistreatment, the Federal Reserve has proposed a rule that would disable the most effective legal tool that borrowers have to fight foreclosures.
In short, what this means is that if the bank violated black-letter law in making a loan to you the change would require you to pay off the entire principal before you could assert your rights and remedies.
Bernanke's QE II policy did nothing for jobs, nothing for bank lending, nothing for the real economy and had negative benefits for small businesses. However, the Fed did ignite a rally in the stock market and corporate bonds.
An entertaining, and no holds barred fictional look at what America's post QE4 future may look like.
A Malaysian man has been arrested after Secret Service agents caught him in a sting operation and found 400,000 bank card numbers on his computer.
Once again we Rally for SOUND MONEY FOR AMERICA at the hidden Federal Reserve Cash Processing Facility in West Phoenix WITH SIGNS IN HAND...
This was definitely the best End the Fed rally we've put on so far! Turn you back on the Fed (Federal Reserve System) was the theme. Thousands of fliers were distributed, many more saw the signs and heard the message of liberty. Oh, and we had fun t
Just two years ago the first “End The Fed!” rallies were being held in 39 cities across the country. It's now been 100 years since the creation of what became the Federal Reserve – it's time to pull the plug! Legislation to audit the private centra
Federal Reserve Chairman Bernanke hit back at critics, both at home and abroad, who have challenged the central bank's $600 billion bond-purchase program. Congress must help support the Fed's program with further stimulus aid. He warned China
A remarkable confluence of recent events has brought unprecedented but very welcome attention to both U.S. monetary policy and the global political economy in general.
In the truth is stranger than fiction category, Fed chairman Ben Bernanke tells US Senators that Quantitative Easing will create 700,000 to 1 Million Jobs.
... for all us dummies