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David Howden We recently looked at the Federal Reserve’s 2012 results. In particular, we pointed to some positive and negative developments. On a positive note, the Fed managed to shrink down the size of its balance sheet by approximately one-third of a percent. (Hey, it’s a start.) On a negative note, this decrease occurred because banks shifted their holdings of reserves into cash, thus forcing the Fed to sell off some [...] Having observed TBTF via tarp, 11 lending facilities, swap lines, QE 1, 2, lite, twist, ltro 1, 2, and countless ‘programs’ by the BOJ, BOE, rule changes to favor banks, etc etc etc ad f’n nauseum, I still am stunned by the new bank bailouts. Stunned and indignant to be precise. The defacto merging of banks and the state power equates to institutionalized debt slavery. It also smacks of a permanently [...] BY MARTIN GONZALEZ AND DAVID REILLY In a postcrisis world, big banks shouldn’t be allowed to ignore uncomfortable realities. Yet when it comes to money-market funds, J.P. Morgan Chase, Wells Fargo, Bank of America and Citigroup have asked for special treatment allowing them to do just that. Money-market funds aren’t explicitly guaranteed by their sponsors. And yet in recent years, they have received considerable support from them and, in the wake of [...] by Mark Mix Dear Concerned American: The Obama bureaucracy is out of control, and I need your help to stop it. The Congressional Review Act (CRA) allows Congress to overturn outrageous regulations like the bureaucratic power grabs rammed through the Obama Labor Board. S.J. Res. 36 is a Joint Resolution of Disapproval that would prevent implementation of the NLRB’s “ambush” election rules. You see, this proposal would diminish employees’ ability to make a fully informed decision [...] Updated: July 15, 2011 12:55PM Mayor Rahm Emanuel is sending layoff notices to about 625 city of Chicago employees after union leaders didn’t agree to work-rule changes the mayor wants or offer alternate ways to cut costs by a deadline Friday. He’s also delaying 61 blocks of curb and gutter improvements and 76 blocks of sidewalk repairs. “My duty as mayor is to protect our city’s taxpayers and be [...] (05-03) 16:34 PDT , CA (AP) – Circulation fell at most of the largest U.S. newspapers compared with a year ago, despite new rules that give publishers more flexibility to boost their totals. The figures released Tuesday, for the six months ending in March, mark the first time that newspapers have calculated circulation under the looser guidelines from the Audit Bureau of Circulations. Among other things, the changes allow [...] The price of silver continued to climb. On January 17, 1980, it hit $50 an ounce. At that time, the Hunts held $4.5 billion in silver—a $3.5 billion gain on their $1 billion investment. The various limitations and rules changes imposed by the commodities markets had no effect but to push the price of silver higher, until finally the COMEX announced that it was suspending [...] No one is denying the financial sector didn’t need to be stabilized. The collapse of Lehman Brothers in effect “saved” the real banking sector. The government should have played by the normal rules of capitalism and forced financial restructuring and let shareholders be fist in line to absorb losses, NOT the taxpayer. With the government providing a guarantee, weather explicit or implicit, the banks no longer shoulder any risk they [...] |
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