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Tag Archives: Washington

Reichbach Says Regulatory Overhaul to Take Several Years: Video

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 […]

The heavy roll is coming…

Thanks to ZeroHedge we can see the dispersion of Treasury debt… The front end looks particularly heavy… Here is how ZeroHedge summarizes the conditions we face on the debt front… ~~~ “What emerges is a unique picture of the evolving nature of Treasury debt, its extensive and recent growth and a clear picture of the […]

Regulations should be organized on the premise that credit should be allocated to productive activities

Tax the speculators and create a public bank from therealnews.com Several mintues into the interview Robert Pollin, Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst says the following … ~~~ “… POLLIN: Well, I think the simplest idea, the simplest principle, is the financial system […]

We’ve stuffed all the problems in the closet…

An unknown Wall Streeter says that Treasury Secretary Geithner and the Obama economic team are the Emperor with no clothes…  if this guy is saying it… everyone is saying it… From Bloomberg… Doug Dachille, chief executive officer of First Principles Capital Management LLC, talks with  Pimm Fox about the U.S. government’s decision to provide additional aid to GMAC […]

The $5.5 trillion can kicked down the road…

Astounding move on the part of the US Treasury to announce these changes to the government sponsored entities on Christmas Eve… unfortunately it echoes all the late Sunday night moves made when Tim Geithner was President of the Federal Reserve Bank of New York like the conversion to bank holding companies of Goldman Sachs and […]

Revisionist history

Keith McCullough, chief executive officer of Research Edge LLC, talks with Bloomberg’s Erik Schatzker about Treasury Secretary Timothy Geithner’s assertion that Goldman Sachs Group Inc. would have failed without government support last year. McCullough also discusses Tobin tax, executive pay and the Troubled Asset Relief Program.

Banks’ reluctance to lend will limit the ability of some businesses to expand and hire

I’m reblogging George Washington’s blog again… The problem our nation faces is a structural economic problem… the too-big-to-fail banks are too concentrated and are not lending to small business (which they never really did)… but the jobs in our economy are mostly concentrated in smaller firms… so when credit is choked off to them unemployment […]

Yield curve may steepen “sharply” or it may not…

David Buik, a market analyst at BGC Partners, talks with Bloomberg’s Scarlet Fu about the demand for U.S. debt and expectations for the Treasury yield curve. Buik, speaking from London, also discusses the outlook for earnings reports from U.S. retailers. (Source: Bloomberg News / running time 2:30 minutes) As the federal government levers up consumers […]

Taxing derivatives, excessive leverage, pre-funding risk insurance and a jobs program

The conversations are just starting on Capital Hill to impose a transaction tax on financial securities… Bloomberg reports that Steny Hoyer says it’s “on the table”… and Representatives like John Larson (CT – 1) want to use the tax to help get America restarted… yes… let’s get America restarted… taxing derivatives to create a jobs program […]