I think we could be in big trouble if we give the Fed a free hand in how they try to work on the real estate problems we are having.
Do not trust anything the Federal Government or Bernanke Says about the current state of the economy!
http://finance.yahoo.com/news/...-rb-280208450.html?x=0
The Fed would borrow from the funds via reverse repurchase agreements involving some of the huge portfolio of mortgage-backed securities and U.S. Treasuries that it acquired as it fought the financial crisis, the newspaper reported, without citing any sources.
The central bank is now considering dealing with money market funds because it does not think the primary dealers have the balance sheet capacity to provide more than about $100 billion, the Financial Times said.
Money market mutual funds have about $2.5 trillion under management so they could plausibly provide between $400 billion and $500 billion, it said.
http://finance.yahoo.com/news/...es&pos=1&asset=&ccode=
More Evidence of a shrinking Housing Market as home starts are decreasing for August.
http://finance.yahoo.com/news/...pf-3514497262.html?x=0
Supply of Crude oil is on the Rise!
I dont know much about this Schiff Person (r) running for office as a republican candidate in connetticut(Spell?). His background is that of a Financial Advisor. Somehow I see someone with this type of a background in the Finance Sector having a tough time getting elected; its like electing a bank president.
Mr. Schiff Goes to Washington? He Hopes
Posted Sep 24, 2009 11:26am EDT by Peter Gorenstein in Newsmakers, Banking, Election
Related: fnm, fre, xlf, skf, WWE, tip, tbt
Peter Schiff - financial adviser, author and predictor of the financial crisis - hopes to add U.S. Senator to his bio. Schiff is running as a Republican for the Connecticut senate seat currently held by five-term incumbent Christopher Dodd, a Democrat.
Schiff has never held elective office but thinks his lack of political experience is an asset. "I think we need more citizen legislators," he says. "I think we need people to go to Washington who don't really want to be there, who actually want to do some civic duty."
As for Dodd, Schiff is already coming out swinging, attacking the Senate Banking Committee Chairman's record on the economy and his plan to overhaul financial regulation. He also claims Dodd's lack of oversight of Fannie Mae and Freddie Mac "was one of the major factors in helping to create" the housing crisis.
Schiff's platform includes:
Reducing government spending
Cutting income taxes
Reducing regulation
Increasing transparency of the Federal Reserve
Advancing past the Republican primary won't be easy. He joins a crowded field that includes former World Wrestling Entertainment CEO Linda McMahon and former Congressman Rob Simmons, who appears to be the early front-runner.
Do not trust anything the Federal Government or Bernanke Says about the current state of the economy!
http://finance.yahoo.com/news/...-rb-280208450.html?x=0
The Fed would borrow from the funds via reverse repurchase agreements involving some of the huge portfolio of mortgage-backed securities and U.S. Treasuries that it acquired as it fought the financial crisis, the newspaper reported, without citing any sources.
The central bank is now considering dealing with money market funds because it does not think the primary dealers have the balance sheet capacity to provide more than about $100 billion, the Financial Times said.
Money market mutual funds have about $2.5 trillion under management so they could plausibly provide between $400 billion and $500 billion, it said.
http://finance.yahoo.com/news/...es&pos=1&asset=&ccode=
More Evidence of a shrinking Housing Market as home starts are decreasing for August.
http://finance.yahoo.com/news/...pf-3514497262.html?x=0
Supply of Crude oil is on the Rise!
I dont know much about this Schiff Person (r) running for office as a republican candidate in connetticut(Spell?). His background is that of a Financial Advisor. Somehow I see someone with this type of a background in the Finance Sector having a tough time getting elected; its like electing a bank president.
Mr. Schiff Goes to Washington? He Hopes
Posted Sep 24, 2009 11:26am EDT by Peter Gorenstein in Newsmakers, Banking, Election
Related: fnm, fre, xlf, skf, WWE, tip, tbt
Peter Schiff - financial adviser, author and predictor of the financial crisis - hopes to add U.S. Senator to his bio. Schiff is running as a Republican for the Connecticut senate seat currently held by five-term incumbent Christopher Dodd, a Democrat.
Schiff has never held elective office but thinks his lack of political experience is an asset. "I think we need more citizen legislators," he says. "I think we need people to go to Washington who don't really want to be there, who actually want to do some civic duty."
As for Dodd, Schiff is already coming out swinging, attacking the Senate Banking Committee Chairman's record on the economy and his plan to overhaul financial regulation. He also claims Dodd's lack of oversight of Fannie Mae and Freddie Mac "was one of the major factors in helping to create" the housing crisis.
Schiff's platform includes:
Reducing government spending
Cutting income taxes
Reducing regulation
Increasing transparency of the Federal Reserve
Advancing past the Republican primary won't be easy. He joins a crowded field that includes former World Wrestling Entertainment CEO Linda McMahon and former Congressman Rob Simmons, who appears to be the early front-runner.
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