Posted in banking, business, economy, government, politics, tagged bank fraud, Bear Stearns, common sense, criminal, crisis, economic crime, economy, FBI, fraud, greed, mortgage, SEC, securities on April 3, 2008 | 3 Comments »
The FBI has launched criminal investigations against 17 banking firms relating to the subprime mortgage crisis. Neil Power, section chief of the Economic Crimes Unit of the FBI declined to comment directly on the Bear Stearns bailout, but stated “Common sense would indicate that we would look at something that big. The problem is that [...]
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Posted in banking, commentary, economy, election, tagged economy, fed, federal reserve, inflation, mortgage, prices, stagflation on March 22, 2008 | No Comments »
What is the Federal Reserve is doing to reduce foreclosures, to protect aspiring homeowners from unfair and deceptive practices, and to equip them to choose wisely from among the often confusing array of mortgage options? To hear the Fed, plenty is being done. They’ve proposed more regulations under the Home Ownership and Equity Protection Act [...]
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Posted in banking, business, economy, government, jobs, politics, tagged Afghanistan, bank, dollar, federal reserve, inflation, Iraq, liquidity, mortgage, stagflation, Stiglitz, stimulus, war on March 4, 2008 | 1 Comment »
The United States economy has steadily lost steam and appears to be stalled. Prices have shot upwards at the fastest pace in thirty years. Energy prices further threaten the equilibrium of an already shaky national platform along with unprecedented spending on the Iraq and Afghanistan fronts.
The Fed doesn’t readily admit it, but the United States [...]
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Posted in business, capitalism, commentary, economy, tagged bank, crisis, economy, federal reserve, government, money, mortgage, stimulus on January 25, 2008 | No Comments »
I recommend that you have a look at the new video “The Rise of the Federal Reserve”. In five short minutes, you get an informative snapshot of the origins of the Federal Reserve Bank in the U.S. If you don’t know what the Federal Reserve Bank is, it is important that you know. Your new [...]
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Posted in banking, business, commentary, economy, jobs, labor, politics, retail, sales, self, tagged attitude, banking, behavior, Bernanke, delinquency, doom, economy, federal reserve, foreclosure, industry, market, mortgage, panic, recession, slow growth, speculation, unemployment, united states, Wall Street on January 14, 2008 | 1 Comment »
“The Federal Reserve is not currently forecasting a recession. We are forecasting slow growth,” said Federal Reserve Chairman Ben Bernanke last week. With the over-reaction of the U.S. Banking and Mortgage Industry as well as the press in the last month, the United States is seeing a jump in the unemployment rate and the [...]
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Posted in banking, commentary, economy, government, tagged banking, banking policy, boom, business, construction, economy, foreclosure, home, job, labor, laissez-faire, lend, loss, mood, mortgage, retail, stooge on January 13, 2008 | No Comments »
Ben Stein is at it again and I like the title of his article. It fits. He makes a few surface points to get the average reader thinking while reading the paper on a Sunday morning. He counts down the basic panicspeak: “immense drop in home construction, the slowdown in lending, the falloff in retail [...]
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Posted in banking, business, capitalism, economy, tagged accounting, asset, bank, banking, bilderberger, business, capital, dollar, federal reserve, finance, fractional reserve, inflation, interest, ledger entry, lending, loan, money, monopoly, mortgage, note, risk on January 4, 2008 | No Comments »
This is an mp3 on the basics of the Federal Reserve Bank for those of you that want to listen instead of read. This is basic information, hence the title:
THE FEDERAL RESERVE YOU HAVEN’T HEARD ABOUT
“A License to Steal”
Host: Eddie Sachs
Interview with Larry Bates
Audio Time: 26:13, Broadband recommended, 4.6 mb
Copyright 2005 by End Time
This audio [...]
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Posted in banking, capitalism, economy, sales, tagged bubble, correction, debt, economy, house, housing, market, mortgage, news, real estate, sales, slump on January 1, 2008 | No Comments »
Are you tired of hearing about the poor housing market? For those that are interested in less than stellar news on this bright new year, we have a late word from the housing market reporters. The market correction has already brought the United States housing sales to the lowest level in 12 years, or since [...]
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Posted in banking, business, capitalism, commentary, economy, government, jobs, labor, politics, tagged baby boomer, change, character, China, corporate, future, illegal alien, India, jobs, labor, lesson, mortgage, offshore, offshoring, outsource, power, retire, retirement, social security, suffer, technology on December 29, 2007 | 3 Comments »
I’ve been doing some thinking…exercising a few synapses, which is nothing new for me. In fact, I may have seen some new light, at least until I start thinking again. The proverbial experts say that the U.S. is going to lose 40 million jobs in the near future. In this case, they say 30 years, [...]
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