Japan had to natch us because they can’t let the yen appreciate against the dollar, same for most of our trading “partners”. they can’t let the dollar go down because they think they need us to buy their “stuff”. We need a weak dollar, and a domestic labor pool and some factories here at home [...]
BEIJING, Dec. 13 (Xinhua) — China plans to increase its currency supply by 17 percent in 2009, 3 or 4 percentage points more than the combined GDP and price rise, the State Council, or the cabinet, said in an on-line statement on Saturday.
At the same time, the State Council decides to increase 100 billion yuan [...]
What’s wall street?
Wall Street is the historical center of the Financial District. Wall Street was the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood. Wall Street is also shorthand for the “influential financial interests” of the American financial industry, which is centered [...]
Watching investors fleeing into the perceived safety of US Treasuries is akin to watching people board the Titanic in the movie - you know that they are doomed. This is because the United States is totally bankrupt - more than bankrupt in fact, since its debts are physically impossible to repay in any circumstances and [...]
Fed is multiplying debt in order to stimulate, but result is even bigger debt. Debt has interest to pay as well as principal; countries are becoming so indebted it’s like subprime on a country wide national basis. A lot more stimulate plan will be rolling out soon and government is taking more heavily debt interest [...]
By Scott Lanman
Nov. 28 (Bloomberg) — The Federal Reserve expanded its purchases of commercial paper to $295.1 billion and its loans to securities firms increased as the central bank uses its balance sheet to combat the worst financial crisis in seven decades.
Cash borrowing by Wall Street bond dealers from the Fed totaled $55.9 billion on [...]
The Fed released a report Friday saying commercial banks averaged $93.6 billion in daily borrowing for the week ending Wednesday. That was up from an average of $91.6 billion for the week ending Nov. 19.
The report also said investment firms borrowed an average of $52.4 billion from the Fed’s emergency loan program over the week [...]
“If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the [...]
By Greg Robb
WASHINGTON (MarketWatch) — The Federal Reserve on Monday announced that it was providing more liquidity into global money markets to ease recent strains. The Fed said it was boosting the size of its auctions of liquidity to commercial banks and the size of its swap agreements from a number of foreign central banks [...]
The U.S. Federal Reserve Bank announced an expansion of deals with European nations Friday in an effort to stabilize global financial markets.
The Fed said it is boosting reciprocal-currency arrangements with the European Central Bank and the Swiss National Bank by $13 billion.
The agreement allows the Fed to make another $13 billion available to the two [...]
American Banker | Friday, September 26, 2008
By Steven Sloan
WASHINGTON During another turbulent week on Wall Street, lending through the Federal Reserve Board’s discount window skyrocketed to $262.3 billion on Wednesday, thanks to new lending programs unveiled during the week.
It was the second record in as many weeks and more than double from the previous high [...]
WASHINGTON (MarketWatch) - Investment and commercial banks had borrowed a total of $218 billion from the Federal Reserve as of Wednesday, the Fed reported Thursday. As of Wednesday, the investment banks had borrowed $105.7 billion. This includes credit to domestic and London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley and Merrill Lynch. Commercial banks borrowed [...]
Even Bloomberg Financial Said Yesterday - Bailout “Mostly Benefits Goldman and Morgan Stanley”! Bernanke wants Taxpayers to Buy at PAR so Wall Boys Make 100% Profits!
Paulson Debt Plan May Benefit Mostly Goldman, Morgan (Update2)
By Jody Shenn
Sept. 22 (Bloomberg) — Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of [...]
WASHINGTON (Dow Jones)–Banks in the U.S. are pushing for broad regulatory
forbearance to ease the sting of write-downs triggered by the federal takeover of
Fannie Mae (FNM) and Freddie Mac (FRE), even as regulators continue to signal
they will relax rules for just a subset of banks.
The Federal Deposit Insurance Corp. on Thursday reminded banks that they would
have [...]
Commercial banks
”
Banks and thrifts are in the business of making loans, and there is no bigger loan the U.S. consumer will take on than a mortgage. If banks can’t sell these loans to Freddie or Fannie it would follow that the trickle of failures today would accelerate into a flood. Without buyers, big mortgage lenders [...]
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