Posts Tagged ‘Mortgage-Backed Securities’

Is the Fed running out of bullets?

Friday, 04 January 2013 06:46 Written by Bob Adelmann 0 Comments

The Fed won’t run out of bullets until they run out of digits.

Latest Move by the Federal Reserve Raises Important Questions

Thursday, 13 December 2012 19:00 Written by Bob Adelmann 0 Comments

All Bernanke has done is give himself permission to fund government deficits forever. That’s all.

The Fed is Playing With Fire

Thursday, 04 October 2012 06:44 Written by Bob Adelmann 0 Comments

Bernanke is a fool…a complete and utter fool. He thinks he’ll be able to quench the conflagration that he is deliberately starting.

The Fed’s Big Plan: Deceive and Print

Wednesday, 19 September 2012 17:52 Written by Bob Adelmann 0 Comments

Federal Reserve – Press Release, 9/13/2012 To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. So, another $40 [...]

White House to NY: Accept Bank Foreclosure Deal

Wednesday, 31 August 2011 05:55 Written by Bob Adelmann 1 Comment

This whole scenario illustrates, once again, the amazing and audacious corruption of the big banks, and their complete surrender to pragmatism and self-interest. The fact that only one state’s Attorney General has objected is disheartening, but on the other hand, all it takes is one to spoil their party.

Bank of America Blames Stock Price Decline on Analyst

Monday, 29 August 2011 05:12 Written by Bob Adelmann 0 Comments

This article was such fun to write. There was so much that could be said about Bank of America – way more about their deceitful behavior and shenanigans in the mortgage market. Suffice to say, the analyst hit awfully close to the mark when measured simply by the response of the bank. And I loved being able to use Hans Christian Anderson’s story at the end. That was perfect!

U.S. Credit Rating Still at Risk

Wednesday, 03 August 2011 17:37 Written by Bob Adelmann 2 Comments

The credit rating agencies are so far behind the curve they may never catch up. The US became insolvent years ago, perhaps in 1971 when Nixon took the US off the gold standard and allowed the Fed to start printing money based on nothing. Perhaps it was in 2004 when the Bush administration added the prescription drug benefit to Medicare without any consideration of how to pay for it. No matter. The AAA credit rating, like so many other things coming out of Washington, is fraudulent.

Roubini v. Rockwell on the Gold Standard

Tuesday, 16 November 2010 07:00 Written by Bob Adelmann 3 Comments

And so when Robert Zoellick, president of the World Bank, suggested that gold might be used as a “reference point” for a new world currency, Roubini weighed in on the matter.

Conjuring Magic To Cover States’ Debts

Wednesday, 25 August 2010 11:10 Written by Bob Adelmann 0 Comments

And it’s not just California. Orin Kramer of New Jersey’s pension program estimates a national funding gap among all the states of around $2 trillion. The Center on Budget and Policy Priorities, a Washington research institution, announced that “finances in Arizona, New Jersey, New York and other states show few signs of improvement. Forty-six states face budget shortfalls that add up to $112 billion for the fiscal year ending next June [2011].” The May/June issue of Chief Executive magazine published its annual “Best and Worst States for Business 2010” and gave its “booby” prize for worst state to California, with New York, Michigan, New Jersey, and Massachusetts rounding out the bottom five.

TARP Criticism Misses the Point

Thursday, 29 July 2010 06:38 Written by Bob Adelmann 2 Comments

When TARP Inspector General Neil Barofsky criticized the Home Affordable Modification Program (HAMP) as being ineffective, he blamed the Treasury Department for not setting clearer goals for that part of the Troubled Asset Relief Program (TARP).