bernanke
Economy by Ryan Hinricher | February 22, 2010Maybe it was only symbolic move. On Thursday, the Federal Reserve hiked its lending rate for emergency bank loans known as the “Fed Discount Rate” from .5% to .75% in an off-cycle meeting. While this rate affects little in the day-to-day bank-to-consumer lending, the Fed could be prepping us all for changes in its easy [...]
Commentary by Rob K. Blake | December 6, 2008I call the Bernanke – Paulson twosome the Dynamic Duo because what they devise to solve our financial crisis is no more ridiculous than the far-fetched ways Batman and Robin used to escape sure death in the campy TV show. Unlike the TV show, I’ve stopped rooting for this financially bungling Dynamic Duo to succeed. [...]
Commentary by Rob K. Blake | October 25, 2008We all know both the US government and the Federal Reserve are going full bore with one tweak after another to “save” the banking system and supposedly, thereby the economy. At least, that’s their argument to Congress and the American people. Hank Paulson and Ben Bernanke on news talk shows or testifying in front of [...]
Economy by Rob K. Blake | October 5, 2008Paulson’s $700 Billion bailout bill passed the House on a 263-171 vote and the President signed it into law. Last week I promised a discussion (assuming Congress would pass the bill) on whether or not the Bill would work. So let’s get to it.. Will the Bailout Bill Work? First, this is a false question. [...]
Commentary by Tom Koziol | July 18, 2008In a July 14, 2008 AP article titled: Fed adopts plan to curb shady mortgage practices , Fed chairman Ben Bernanke is quoted as saying: “Although the high rate of delinquency has a number of causes, it seems clear that unfair or deceptive acts and practices by lenders resulted in the extension of many loans, [...]
Housing by Charles Feldman | July 11, 2008Fannie Mae and Freddie Mac, combined, own or back up some $5 trillion dollars of debt. That is about half of ALL the mortgages in the U.S. They have already lost some $11 BILLION since the current mortgage/credit crisis began, so it is easy to see why there is profound concern about their fiscal health–or [...]
Credit by Richard Warren | March 18, 2008There is a law in physics that says: For every action, there is an equal and opposite reaction. The same is true is a rate cut by the Federal Reserve. Many people get excited when the Federal Reserve cuts a key interest rate. They somehow see this as a magic bullet that is going to [...]
Commentary by Richard Warren | March 3, 2008Last week President Bush and Federal Reserve Chairman Ben Bernanke both expressed the view that the economy is not headed for recession. With the credit markets in turmoil, housing slumping badly, oil prices soaring, the dollar plummeting and inflation rearing its ugly head, how can they be so optimistic? The reason is simple; they can’t [...]
Interest Rates by Joshua Dorkin | September 18, 2007The Fed just announced that it would be cutting the federal funds rate by 1/2 point to 4.75 percent. This is the first reduction in four years and will affect everything from credit cards to adjustable rate mortgages. Clearly this major cut is indicative of how bad the Fed thinks the economy is. It will [...]
Commentary by Joshua Dorkin | September 6, 2007The President and others in office continue to tell us how well our economy is doing. Lets take a look at some of the latest news to see how things are
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The Latest Dynamic Duo Disaster In The Making
by Rob K. Blake | December 6, 2008I call the Bernanke – Paulson twosome the Dynamic Duo because what they devise to solve our financial crisis is no more ridiculous than the far-fetched ways Batman and Robin used to escape sure death in the campy TV show. Unlike the TV show, I’ve stopped rooting for this financially bungling Dynamic Duo to succeed. [...]