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Tag Archives: Main Street

If we focus our banks on small enterprises that will make our economy more dynamic

The banks are whining… that is a good start…

It’s “Volcker lite“… I’m very interested in any proposal that has the banks whinging like this Bloomberg video of Rob Nichols, the president of the Financial Services Forum… (an excellent rebuttal to Mr. Nichols arguments from the Epicurean Dealmaker) Here is the German CEO of Deutsche Bank commenting on regulations proposed for US financial markets. He doesn’t like them […]

Democrats To Seek Stunning $1.9 Trillion Increase In Debt Ceiling To $14.3 Trillion

From Dow Jones (HT ZeroHedge): ~~~ “Senate Democrats are to seek an increase to the federal government’s borrowing limit by $1.9 trillion lifting the total amount the U.S. government can owe to $14.294 trillion, several congressional aides said Wednesday. The increase is forecast to support the federal government’s borrowing needs the end of 2010, one […]

Decade of debt…

From the FT … US GDP (purchasing power parity): $14.29 trillion (2008 est.) $14.11 trillion (2007) $13.83 trillion (2006) Well… inflation now?

They consult with both the U.S. Treasury and the Fed about funding the budget deficit and implementing monetary policy.

A primary dealer is a bank or securities broker-dealer that may trade directly with the Federal Reserve System of the United States (“the Fed”).[1] Such firms are required to make bids or offers when the Fed conducts open market operations, provide information to the Fed’s open market trading desk, and to participate actively in U.S. Treasury […]

Some new panhandlers in Harvard Square

From Jesse’s Cafe Amercain… ~~~ This was the very moment of Obama’s failure, when he allowed Summers, Geithner and Bernanke to establish the principle of “Too Big To Fail” and set up a financial oligarchy at the expense of taxpayers. We would have expected this out of the Treasury under Hank Paulson, but to see […]

25 times levered, 30 days liquidity, living wills and the Iowa Citizens for Community Improvement

Chicago is a good place for the “people’s protest” Showdown in Chicago against the big banks… since it’s the heartland…  labor groups have organized this protest at the time of the American Bankers Association annual meeting… There is a lot of anger in America about the financial crisis, the practices of the banks, the bailout […]