msiegel Star

Tags  →  banking

the fed won't go down without a fight. it's arguably the most powerful entity in the world.
"Fed Pledges Top $7.4 Trillion to Ease Frozen Credit"
printing this much cash will generate a bubble of unprecedented size.
an early warning about derivatives, published back in 1994. did we listen? heck no. snagged from stocktrader
an assortment of interesting tidbits about the fed and how it works
excellent Moyers interview of George Soros about the financial crisis, and what may come next. thanks to xtine66 for sending it my way :D
Rich Nations Pushing for Joint Financial Rescue
"You now have the full faith and credit of the British government standing behind the banking system," said Barry Eichengreen, a professor of economics at the University of California, Berkeley. "The British could suck deposits from continental Europe and even the United States."
we shouldn't prosecute some of history's greatest financial criminals, who helped wreck the economy, because... it might affect the economy. that's their logic, anyway
phrase of the day: SCOT FREE, as in "they got away scot free"
From the page: "Lord George said that among the lessons, there was a need for greater transparency that "may well involve" co-ordination between regulators in different countries."

// i'm fairly suspicious of this idea :-/
"The Great Depression of the 2010s"
// hmm, solid arguments for pessimism. unless..... the exponential rate of increasing productivity is greater than the rate of value being extracted from the economy. in that case (and someone may have carefully planned for this) we'll all miraculously be fine.
From the page: "Money is a matter of functions four, a medium, a measure, a standard, a store." :)
hmm, an interesting way of looking at Interest
From the page: "The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system"
hot damn, it's western union all over again! :D :D