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Monthly Archives: August 2009

Frank-Paul Federal Reserve Transparency Act

(H/T ZeroHedge)

Promise transparency? Institute transparency.

From Bloomberg “The Federal Reserve argued yesterday that identifying the financial institutions that benefited from its emergency loans would harm the companies and render the central bank’s planned appeal of a court ruling moot. The Fed’s board of governors asked Manhattan Chief U.S. District JudgeLoretta Preska to delay enforcement of her Aug. 24 decision that […]

Fresh air…

Stimulus Round II

From Sprott Asset Management via Zerohedge: ~~~”Stimulus spending worldwide has taken the form of a combination of tax cuts, transfer payments (free money) and infrastructure investments on roads, schools, railroads etc. In the US, the financial and stimulus contributions have been especially impressive in scale. According to CNN’s bailout tracker, the various US government departments have committed to stimuli […]

Forks in the road…

“You Can’t Rush a Recovery” By Amir Bhide, first printed in the Wall Street Journal, April 9, 2009 Mr. Bhidé is a professor at Columbia Business School and author of “The Venturesome Economy” (Princeton University Press, 2008).” ~~~~”Ad hoc interventions in the financial markets by the executive branch and Federal Reserve that override private renegotiations […]

‘This is an investment and not a savings vehicle’ — UK style

King of Shaves offers 6% corporate bond Philip Scott, This is Money 23 June 2009 ~~~The King of Shaves Company is offering savers the opportunity to help join in the firm’s growth with the issuance of ‘shaving bonds’. Should you invest? Will King, founder and CEO of The King of Shaves Company, is offering savers […]

Ode to Jackson Hole

This is a repost from Shopyield, August 24, 2008 at the time of last year’s Jackson Hole conclave… here is Chairman Bernanke’s speech from the event this year … ~~ “None of them knew the color of the sky. Their eyes glanced level, and were fastened upon the waves that swept toward them. These waves […]

TreasuryDirect for Treasurer Lockyer

I was reading about the efforts of states to directly market their municipal debt to retail investors. From Business Week: ~~~ “In March 2008, retail investors bought half of a $1.75 billion issue of general-obligation infrastructure bonds and the following October they bought nearly 80% of a $5 billion issue of Buy California Bonds—short-term revenue […]

Best of the bailout

What a thrill to find the website “Subsidy Scope“. One of the developers of the site, Kevin Webb, was sharing his work on a data set of bank TARP recipients on Open Finance Hackers. The group at Subsidy Scope has done an excellent job of trying to expand the understanding of the largest bailout in […]

transactions in securities as commonly conducted upon securities exchanges and over-the-counter markets are affected with a national public interest

“… transactions in securities as commonly conducted upon securities exchanges and over-the-counter markets are affected with a national public interest which makes it necessary to provide for regulation and control of such transactions and of practices and matters related thereto, including transactions by officers, directors, and principal security holders, to require appropriate reports, to remove […]