Posts tagged as:

federal reserve

Commentary

Will The Feds Nationalize Bank of America?

by Rob K. Blake | February 7, 2009

There is a plethora of speculations buzzing around Wall Street with the central theme being Bank of America (NYSE: BAC) our nation’s largest bank…and biggest “cleaner upper” of the financial crises buying both Merrill Lynch and Countrywide Home Loans before they collapse…is going to get “taken over” by the government.
Oh my God!
The sky [...]

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Economy

The Greatest Ponzi Scheme of All

by Richard Warren | December 22, 2008

Bernard Madoff swindled clients to the tune of $50 Billion in the recently revealed “ponzi” scheme. How could this have happened? How could supposedly sophisticated investors have been duped on such a grand scale?

It seemed that either no one was watching or the warning signs went unheeded. But you couldn’t blame them, nothing like this [...]

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Economy

Paulson Seeks Congressional Authority To Spend $700B

by Rob K. Blake | September 21, 2008

Hank Paulson is not done asking for more authority to “rescue” us from the mortgage crisis. In his first round of legislative begging, he got Congress to pass The Housing Economic Recovery Act of 2008 which gave him the right to take over Fannie and Freddie putting taxpayers on the hook for their greed [...]

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Commentary

Taking Back the People’s Money with PMS – “People’s Money System”

by Tom Koziol | August 30, 2008

Today I roll out my PMS – People’s Money System. Forget the drum rolls and forget the fanfare because once PMS infects your soul, you will be a different person.
Before I get into the specifics, I think you should visit this page because the author not only lays out what is already in the mill [...]

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Economy

Greenspan Gives Guidance on Housing Market

by Rob K. Blake | August 16, 2008

Alan Greenspan, the controversial former Fed Chairman, in an interview by the Wall Street Journal’s David Wessel gave us a few pearls of wisdom to ponder about the state of the housing market.
He starts out with a prediction calling for a stabilized market by summer of 2009. Greenspan admits depending on the size of [...]

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Commentary

An Analysis of the Fed’s Plan to "Curb Shady Mortgage Practices"

by Tom Koziol | July 18, 2008

In 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, particularly [...]

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Commentary

Where is the Fat Lady? She needs to start singing!

by Rob Powell | July 16, 2008

Recently somebody said, “Hey, you lost weight,” and I said, “Yeah, thirty-five [...]

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Economy

FEDS BAIL OUT FANNIE AND FREDDIE; EMERGENCY MEASURES TAKEN

by Charles Feldman | July 13, 2008

In a clear sign the federal government is far more concerned about the financial health of mortgage finance giants Fannie Mae and Freddie Mac than its public comments indicated as late as Friday, the U.S. government Sunday night announced what some are calling a “massive aid” package to the two shareholder owned and run companies [...]

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Commentary

History Warnings of Today’s Political Decisions – A Look at the Fed’s Protection of Homebuyers

by Tom Koziol | July 11, 2008

I would bet every reader of this blog has heard of Mark Twain. On the other hand, I would bet I’m probably the only person on this blog familiar with Craig et al v. The State of Missouri. This article gives quite a bit of insight into Samuel Clemens. Please read it before you read [...]

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Foreclosures

Feds Come Out Of Coma; Say Mortgage Crisis Worse Than They Thought

by Charles Feldman | July 9, 2008

It’s like one of those TV shows where after an entire season in which everything goes wrong for the star, he finally awakes to find it was all just a bad dream–everything was just fine!
Only, in this case, what we have are government officials who have been saying repeatedly that the economy is not as [...]

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Blogs

Ripples In A Pond

by Richard Warren | June 2, 2008

Just like the pebble tossed in a pond, a seemingly small event can have catastrophic consequences. The small ripple created when the pebble hits the water can be a wave by the time it reaches the opposite shore. Our current economic state of affairs can be traced back to a few small ripples as well.

In [...]

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Commentary

Why People Who Think Real Estate Mess Will Soon Improve Are Wrong

by Charles Feldman | April 9, 2008

How is this for a blunt statement: If you are one of those who believes this subprime real estate debacle is going to turn around anytime soon, you are wrong! I’m not saying you are probably wrong. I’m not saying you may be wrong. I’m not even saying that more than likely you are [...]

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Economy

Consumers Worried; Home Prices Down; Trillions in Losses; Any Good News? Well…

by Charles Feldman | March 26, 2008

How about some good news for a change about real estate, mortgages, credit, jobs, consumer confidence, Wall Street stability, the future of civilization as we know it?
Sorry, not gonna get it here.
Evidence is evidence and though some may like to engage in wishful thinking, the evidence is not good at all.
Goldman Sachs is actually [...]

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Credit

Fed Rate Cut – The Good, The Bad & The Ugly

by Richard Warren | March 18, 2008

There 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 [...]

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Commentary

Are They Serious? Fed Takes Mortgage Debt as Collateral, Bear Stearns Gets Bailout, and President Bush is Confident in the Economy!

by Joshua Dorkin | March 14, 2008

This week has been an extremely volatile one in the world of real estate and the economy. We’ve seen Gold at $1,000 an ounce, a collapsing dollar, oil skyrocketing, an much more. Of everything that has happened, probably the most shocking is what came out of the Fed this week . . .
According [...]

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