Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Did they? Read this and find out for yourself:Did Tarp work and did it make money for our government coffers?
Banks claim they
AIG employes people.
Why dont you call them Job creators?
Did Tarp work and did it make money for our government coffers?
Bush didn't do it. Ben Bernanke did it. HE'S the one in charge of the Privately Owned Federal Reserve. And those loans continued AFTER the crash and AFTER Obama was elected.It was Bush who did it you fool.
It was done BEFORE the crash
You notice that "Don" Bernanke is STILL in charge?
Bush didn't do it. Ben Bernanke did it. HE'S the one in charge of the Privately Owned Federal Reserve. And those loans continued AFTER the crash and AFTER Obama was elected.It was Bush who did it you fool.
It was done BEFORE the crash
You notice that "Don" Bernanke is STILL in charge?
TM might be the most ridiculously full of shit Obama-bot out there. I love how when the fed does something under Bush it's "BUSH!!!" but if it's under Obama it's "THE FED!!!!"
that is a tidy sum and its not going to hurt the budget either.
After the frenetic reaction brought about by the announcement of the Fed's latest stimulus program - $40 billion pumped into the U.S. economy each month - the coming week is likely to bring a more sober period for markets as investors digest what it means in the longer run and turn their attention to the remainder of the year. That will include rancorous U.S. elections in November, wrangling over taxes and spending cuts and a slowdown in corporate earnings. "Right now we have this short-term euphoria. But then the question is where do we go from here," said Frank Fantozzi, chief executive of Planned Financial Services, an independent wealth manager in Cleveland. "I think after a week or so, if the underlying economic data doesn't change, you're going to see the market drop a bit and we'll continue to plod along until the election." The effect on markets of the European Central Bank's plan to buy government bonds of struggling euro zone countries, then the Fed's opened-ended commitment to spur growth have been breathtaking. The Dow and the S&P 500 reached the highest closing level in nearly five years while the Nasdaq marched to new 12-year highs.
HEADY TERRITORY
But in Friday's stock market action strong gains in the morning steadily eroded throughout the day, perhaps the first signs of fatigue creeping into the market. "We are starting to get into that heady territory where you need to be on the defensive," said Richard Ross, global technical strategist at Aubach Grayson in New York. "Trying to squeak out the last 5 percent of a move when there is potentially a 15 to 20 percent downside in my opinion is pretty dangerous stuff." Ross believes that equities, commodities and currencies are now approaching extreme levels of both price and momentum while geopolitical tensions in the Middle East are rising. Even though all the major stock market rallies since the financial crisis have coincided with new central bank efforts to stimulate the economy, not everyone is buying it.
The latest data shows a moderate increase in short interest - bets that stocks will fall - across S&P 500 stocks during the last two weeks of August, a period when stocks were rallying on expectations of the Fed's announcement. Typically short interest inversely tracks the market. If investors were getting out of bets that stocks will fall, that would mean buying back those stocks and forcing the market higher. Data provided by Schaeffer's Investment Research, a Cincinnati-based research firm, shows that bets against the biggest 500 U.S. companies edged back to about 7.3 billion shares after falling from about 7.6 billion to 7.2 billion from the start of July through the end of August - a period when the market gained more than 3 percent.
REDUCE VOLATILITY
digest what it means in the longer run
The Federal Reserve, that private organization that determines interest rates and the availability of money in America, is going to be examined by a congressional committee whose chairman is worried it is setting the nation up for a much larger crash in future. The plans for a review of Fed actions were announced today by U.S. Rep. Ron Paul, who heads the Domestic Monetary Policy and Technology Subcommittee. The hearing will focus on the Feds recent practice of essentially loaning money to large banks and others for no interest at all. The Federal Reserve is relentless in pursuing a policy of zero interest rates, as manifest by their decision last week to engage in another round of quantitative easing and keep the federal funds rate at zero for another three years, Paul said.
Fed Chairman Ben Bernanke announced just days ago another round of money printing by the U.S. government. The Feds third attempt at such a maneuver will involve having the government buy $40 billion in mortgage-backed securities per month, with no set end date. There is a petition process set up to urge members of Congress to act on plans to audit the Fed. The central banks objective is to keep interest rates low, and thus trigger more spending and more hiring. The Fed has been trying to impact the economy for the duration of Barack Obamas tenure in the White House, but its usual tool lowering interest rates is ineffective now since those rates have been approaching zero for most of that time.
Paul for years has advocated a full audit of the Federal Reserve, which routinely shrouds its actions in secrecy. Just last week, the U.S. House on a 327-98 vote adopted a bill that would set an audit process in motion. It now is going to the Senate, where Sen. Harry Reid previously has been receptive to the idea, although theres no word whether hell take time for it now. The Fed is intent on ignoring that their policy of low interest rates in the past brought us the financial crisis of 2008 and their zero interest rate policy of today is prolonging the agony while sowing the seeds for a much larger crash in future, Paul said today. Their manipulation of interest rates essentially price setting can only ever have destructive effects on the American economy. Artificially low interest rates continue to cause malinvestment and misallocation of resources throughout the economy. Savers and investors suffer from negative real interest rates, while the federal government takes advantage of the Feds zero interest rate policy to run up gargantuan fiscal deficits. These problems cannot and will not be remedied until the Fed stops manipulating the price of money, he said.
The hearing is called, The Price of Money: Consequences of the Federal Reserves Zero Interest Rate Policy, and will be held on Sept. 21st, at 9:30 a.m. in room 2128 of the Rayburn House Office Building in Washington. Among those expected to testify are James Grant, editor of Grants Interest Rate Observer, and Lewis E. Lehrman, senior partner, L.E. Lehrman & Co. Paul long has argued that the Federal Reserve simply is illegal. Some of his concerns have revolved around Article 1, Section 8 of the Constitution, which assigns to Congress the right to coin money. There is no mention in the Constitution of a central bank, and it wasnt until the Federal Reserve Act of 1913 that the Fed was created. Paul previously has said, Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserves loose monetary policy. And hes proposed repeatedly the idea of auditing the Fed to determine exactly what it has been doing and then begin making corrections. With a book titled End the Fed, hes made no secret of his ultimate goal. That the Fed is at least partly to blame for the financial problems that have developed in the U.S. seems not to be in dispute.
More Federal Reserve accused of setting U.S. up for ‘crash’
Ron Paul gonna get to the bottom of `em monkeyin' with the country's economic system...
Federal Reserve accused of setting U.S. up for 'crash'
19 Sept.`12 - Rep. Ron Paul schedules hearing on 'manipulation of interest rates'
The Federal Reserve, that private organization that determines interest rates and the availability of money in America, is going to be examined by a congressional committee whose chairman is worried it is setting the nation up “for a much larger crash in future.” The plans for a review of Fed actions were announced today by U.S. Rep. Ron Paul, who heads the Domestic Monetary Policy and Technology Subcommittee. The hearing will focus on the Fed’s recent practice of essentially loaning money to large banks and others for no interest at all. “The Federal Reserve is relentless in pursuing a policy of zero interest rates, as manifest by their decision last week to engage in another round of quantitative easing and keep the federal funds rate at zero for another three years,” Paul said.
Fed Chairman Ben Bernanke announced just days ago another round of money printing by the U.S. government. The Fed’s third attempt at such a maneuver will involve having the government buy $40 billion in mortgage-backed securities per month, with no set end date. There is a petition process set up to urge members of Congress to act on plans to audit the Fed. The central bank’s objective is to keep interest rates low, and thus trigger more spending and more hiring. The Fed has been trying to impact the economy for the duration of Barack Obama’s tenure in the White House, but its usual tool – lowering interest rates – is ineffective now since those rates have been approaching zero for most of that time.
Paul for years has advocated a full audit of the Federal Reserve, which routinely shrouds its actions in secrecy. Just last week, the U.S. House on a 327-98 vote adopted a bill that would set an audit process in motion. It now is going to the Senate, where Sen. Harry Reid previously has been receptive to the idea, although there’s no word whether he’ll take time for it now. “The Fed is intent on ignoring that their policy of low interest rates in the past brought us the financial crisis of 2008 and their zero interest rate policy of today is prolonging the agony while sowing the seeds for a much larger crash in future,” Paul said today. “Their manipulation of interest rates – essentially price setting – can only ever have destructive effects on the American economy. Artificially low interest rates continue to cause malinvestment and misallocation of resources throughout the economy. Savers and investors suffer from negative real interest rates, while the federal government takes advantage of the Fed’s zero interest rate policy to run up gargantuan fiscal deficits. “These problems cannot and will not be remedied until the Fed stops manipulating the price of money,” he said.
The hearing is called, “The Price of Money: Consequences of the Federal Reserve’s Zero Interest Rate Policy,” and will be held on Sept. 21st, at 9:30 a.m. in room 2128 of the Rayburn House Office Building in Washington. Among those expected to testify are James Grant, editor of Grant’s Interest Rate Observer, and Lewis E. Lehrman, senior partner, L.E. Lehrman & Co. Paul long has argued that the Federal Reserve simply is illegal. Some of his concerns have revolved around Article 1, Section 8 of the Constitution, which assigns to Congress the right to coin money. There is no mention in the Constitution of a central bank, and it wasn’t until the Federal Reserve Act of 1913 that the Fed was created. Paul previously has said, “Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy.” And he’s proposed repeatedly the idea of auditing the Fed to determine exactly what it has been doing and then begin making corrections. With a book titled “End the Fed,” he’s made no secret of his ultimate goal. That the Fed is at least partly to blame for the financial problems that have developed in the U.S. seems not to be in dispute.
More Federal Reserve accused of setting U.S. up for ‘crash’
