December 15, 2008 “ICH” — - As the printing presses for the bailouts run at full speed, those in power are no longer even pretending that the new giveaways will fix our problems. Now that we are used to rewarding failure with taxpayer-funded bailouts, we are being told that this is “just a start,” more [...]
Political “Experts”
“The Federal government will not bail out lenders — because that would only make a recurrence of the problem more likely. And it is not the government’s job to bail out speculators, or those who made the decision to buy a home they knew they could never afford.” (George W. Bush, Sept 2007)
“These institutions [...]
1.Federal Open Market Committee
2.US politicians
3.Fannie Mae and Freddie Mac
4.Financial innovators
5.The Basel rules for banks
6.Regulators
7.Rating agencies
8.Banks and mortgage lenders
9.Investment banks
10.US Consumers
11.Asian and OPEC countries
12.Everybody = Consumers, corporations, banks, politicians, the media — indeed everybody
The Federal Reserve Board
Alan Greenspan, Fed Governor in 1987-2006, was once hailed as a genius for keeping the US booming, but is now [...]
“In the stock market there are two players: a fool and a thief.” ~Proverb
by Andrew Hughes
Global Research, December 6, 2008
The announcement in the last few days of a deal reached between the U.S. Treasury and the moribund insurance giant, A.I.G. provides a very lucid insight in to the nefarious and destructive world of the [...]
Steve Watson
Infowars.net
Monday, Nov 24, 2008
Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize, however, is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance.
We already know that the team will include Tim [...]
Nov 21, 2008 10:57am EST by Aaron Task in Investing, Recession
Any way you slice it, the 2008 is shaping up to annus horribilis for the U.S. stock market. Heading into Friday’s session, in which an early rally effort quickly faded, the S&P was down 49% year-to-date and on track for its worst year ever. [...]
Does anyone remember way back when Alan Greenspan intentionally burst the dot.com bubble. He kept interest rates high longer than he should have and the bubble popped. When he realized he was causing a recession, he reversed his strategy. He lowered the interest rate to 1%. Out of fear, he kept it at 1% for [...]
Steve Watson,
Infowars.net, Friday, Oct 24, 2008
Texas Congressman Ron Paul has blasted former Federal Reserve chairman Alan Greenspan, calling him “intellectually arrogant” after he blamed free market capitalism for the current financial crisis and diverted questions away from his own actions.
“I think he’s trying to save his place in history but I don’t think [...]
I agree with all the people who point their fingers at Alan Greenspan; what he did was not the best way to build a solid LASTING economy.
However it is to easy to blame him ONLY and make him the SCAPEGOAT of this mess.
The rating system was as responsible if not more than him.
So were the [...]
NEW YORK (Dow Jones)–Unprecedented events in financial markets have left
economists uncertain whether a continued bloodbath in the stock market would
drive the Federal Reserve toward an emergency rate cut.
Some leading economists had already thought the Fed would opt for emergency
action after Friday’s dismal report on hiring in September. Those expectations
were renewed Monday amid a massive route [...]
By Philip Aldrick, Banking Editor
Last Updated: 1:03pm BST 15/09/2008
Have your say Read comments
Any bank harbouring hopes of an end to the credit crunch had a rude awakening today.
Former Federal Reserve chairman Alan Greenspan expects more banks to sale
Greenspan: More banks will fail
Lehman Brothers’ bankruptcy has dealt the money markets another crippling blow, incapacitating them for [...]
Greenspan: ‘I Suspect’ More Financial Institutions Will Fail
Last Update: 9/14/2008 11:11:12 AM
DOW JONES NEWSWIRES
Noting that the mortgage crisis hitting the U.S. is “probably once in a century
type of event,” former Federal Reserve Chairman Alan Greenspan said Sunday he
suspects more major financial institutions will fail.
Greenspan, appearing in an ABC television network interview, was asked if we [...]
It was a matter of public record in January 1995, when the Federal Reserve’s general counsel, J. Virgil Mattingly, told the Federal Open Market Committee, according to the committee’s minutes, that the U.S. Treasury Department’s Exchange Stabilization Fund had undertaken “gold swaps.” Those minutes are still posted at the Fed’s Internet site:
www.federalreserve.gov……
It was [...]
LONDON (MarketWatch) - U.S. stock futures edged higher on Wednesday after
inflation outside of food and energy didn’t rise as quickly as forecast, with
ex-Federal Reserve Chairman Alan Greenspan anticipating a housing market bottom
next year.
S&P 500 futures rose 4 points to 1,408.70 and Nasdaq 100 futures added 5.5 points
to 2,011.50. Dow industrial futures rose 30 points.
U.S. stocks [...]
China bull sees second-quarter boom
Commentary: ‘Greatest buying opportunities in recent years,’ Trippon says
By Peter Brimelow, MarketWatch
Last Update: 10:44 PM ET Apr 16, 2008
NEW YORK (MarketWatch) — A great day for the U.S. stock market, but even better
is coming in China, according to the second-best performing investment letter.
Over the past 12 months, China Stock Digest is [...]
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