G20: Timmeh denied, Global stimulus died, Krugman cried…

We have a psychological-economic breakthrough in Europe!

Timmeh is coming home empty-handed, again. Euro Zone Finance Ministers took his charge card away. Krugman is beside himself, again.

(more…)

June 6, 2010. Tags: , , , , , , , , , , , , , , , , , , , . Economy, Finance, Housing, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Update: ‘Audit the Fed’ Bill out of Committee…

Update: The WSJ has a great  Q/A on the legislation to audit the Fed here

Break the Matrix and Ron Paul will be totally psyched. I know we need to crack the opaque black box that is the lack of transparency of the Fed in many ways but I am also verrrry worried about what this will do to the financial markets…I do NOT want the TOTUS or the TREZ to get control of the Fed…Alexander Hamilton where are you?!

Courtesy of BreaktheMatrix

Read the article at http://bytestyle.tv/node/119
Federal Reserve Loses Bloomberg FOIA Lawsuit, Sensitive Disclosures Forthcoming

MORE HERE:
http://bytestyle.tv/node/114

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August 30, 2009. Tags: , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Fed Begins Second Treasury Buyback – Bloomberg

UPDATE: Rick Santelli reporting it w as 7.5 Billion Fed bought today..more Monday….

REFI MY PRETTIES!! REFI LIKE THE WIND!!!

THIS is what is going to get us back on our feet, betcha Ben and the Fed got tired of waiting for Timmeh and TOTUS to do something, LOL. They seem to have taken the reins in hand, yay! I am floating  my app., waiting to hit 4.5%., if my current rate was over 5.5 I would refi NOW baby!!!

Vodpod videos no longer available.

Treasuries launched their second round of buying as reported by Jon Erichman of Bloomberg News. (Bloomberg News)

Mix created by TruculentFairy

The Beatles “Everybody’s Got Something to Hide(Except for Me and My Monkey”)/Wizard of Oz mix

more about “Fed Begins Second Treasury Buyback – …“, posted with vodpod

March 27, 2009. Tags: , , , , , , , , , , , , , , , , , , . Economy, Entertainment, Fantasy, Film, Finance, Housing, Music, Obama Administration, Politics, Popular Culture. 1 comment.

Update: Rick Santelli – Awesome

UPDATE: See Rick stick up for the working stiffs in Part Two on CNBC Call of the Wild today- video here

CNBC: The trading floor buzz on whether the government’s plan to save the economy will actually help the markets, with Jason Roney, Sharmac Capital; Wilbur Ross Jr., WL Ross & Co. and CNBC’s Rick Santelli

February 19, 2009. Tags: , , , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Labor Department, Obama Administration, Politics, Popular Culture, TARP, Uncategorized, Unemployment Statistics, Wall St. 6 comments.

Geithner: “Fiscal Policy is about to Get Very Aggressive…”

That quote sounds pretty intense for a Treasury Secretary :0) , from the WSJ, stocks are rallying off the news, to the tune of a DOW now up 150…

With its new plan, the administration is “going to do our best” to apply the Japanese lesson, Mr. Geithner said. “Certainly monetary policy has been very aggressive, and fiscal policy is about to get very aggressive.”

Still, he noted, pain is inevitable. “Japan had a huge bubble beforehand,” he said. “And it was going to be a wrenching, protracted adjustment process no matter what.”

Mr. Geithner is expected to lay out the framework of the administration’s approach for addressing the crisis early next week. His speech is likely to run the waterfront, from a revamped bank bailout, to a foreclosure-prevention plan to a redo of the financial regulatory system. Coupled with the stimulus package, the Obama administration is set to commit trillions of taxpayer dollars to jumpstarting the economy.

Geithner is to come forward next week with the plan to repair our faltering financial system, see yesterday’s Call of the Wild -CNBC video here

Jamie Dimon doesn’t sound too excited about the new tough love the Administration has been showing Wall St (who can blame him, JPM was FORCED to take TARP One):

Chairman and Chief Executive Jamie Dimon thinks outrage over bonuses being paid to executives of firms involved in the financial crisis and now receiving federal assistance is not entirely justified.

In his keynote speech to the “Future Of New York” conference sponsored by Crain’s New York, Dimon said some bank compensation has indeed been exorbitant, but President Obama should not paint all banks with the same brush when it comes to bonuses and the way they have been paid out.

-snip-

Although he suggested the president should not be pointing a finger at the financial community, Dimon said he has great faith in Obama and acknowledged that banks are to blame for the crisis, with too much leverage, too many products, and bad underwriting…

geithner

TRADE: Geithner also tried to make nice with China, whom he called a currency mainulator during his confirmation hearings:

CNBC: U.S. Treasury Secretary Timothy Geithner held talks with Chinese Vice Premier Wang Qishan by telephone late on Monday and agreed to consult closely on the troubled global economy, the Treasury said on Tuesday. “Both officials emphasized the need to maintain close consultations during this difficult period for the global economy and agreed on the need for a continued high-level dialogue on bilateral economic issues,” Treasury said.

-snip-

…relations with China are particularly sensitive, especially since President Barack Obama charged during the presidential campaign that Beijing manipulates its currency’s value. Geithner also reiterated that view during his Senate confirmation hearing, causing unhappiness in Beijing.

On Protectionism:

Canada, which sends the bulk of its exports to U.S. markets, is specially sensitive over proposals from American industry groups and some lawmakers to promote a “buy America” stance in any economic stimulus programs. Obama is due to travel to the Canadian capital, Ottawa, later this month on his first foreign trip as president.

February 3, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , . Cabinet, CITI, citigroup, Economy, FDIC, Finance, Foreclosures, Housing, Labor Department, Obama Administration, Politics, TARP, Unemployment Statistics, Wall St. Comments off.

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