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PPT has a busy weekend
" Not much time was spent on the golf course this weekend for members of the Plunge Protection Team. Today's announcement of a support plan for Fannie Mae and Freddie Mac follows another grim week on Wall Street. Hank Paulson and Ben Bernanke faced the impending meltdown...
US spells out Fannie-Freddie backstop plan
How is that the government can extend unlimited credit to prop up financial institutions but can't extend enough credit to keep people in their homes. Given the role predatory lending played in creating the current... Bernanke and Paulson talking bull to support the dollar « Peter J. Cooper’...
" Then Bernanke will have to eat his words and dine on his own credibility and cut interest rates in response. That is perhaps why he has left interest rates at two per cent, and not gone for one per cent straight away. He is keeping some ammunition for the next stage of...Memo to Hank Paulson on his visit to the UAE « Peter J. Cooper’s Weblog
I suppose Middle East conspiracy theorists will also be working over time on this visit. Perhaps Paulson has a big strategy to get the world economy back on its feet by this autumn and needs the help of Abu Dhabi? The presidential election is a last stand for this generation...S&P 500 Q1 profits down 18%, stocks only 3.2% down « Peter J. Cooper’s Weblog
Spot the coming fall on Wall Street! The numbers say it all. Profits for the 461 out of 500 S&P companies that have reported first quarter profits are down by 18 per cent. Hillary Criticizes Fed Overhaul.
The International Institute of Nonviolence By: Rev. Jermano No matter how many people want to knock Hillary; she is right that Paulson and Bernanke's supported Bush plan is bunch of hot air, when in fact... American bourses bouncing back
After a couple of month's bearish trend, American stock market is slowly recovering and even junks bonds are rallying. " Main Street may be struggling, but Wall Street is on a bit of a roll.Despite a drumbeat of bad economic news, the stock market is up — almost 11 percent...US Feds announce overhaul of financial regulatory system
Today's announcement by US Treasury Secretary Henry Paulson has been hailed as the most "far-ranging overhaul of the financial regulatory system" since the 1929 market crash."The plan would change how the government... US Federal Reserve slashes rates
Amid concerns over the state of the US economy and jittery financial markets, the US Federal Reserve has cut interest rates by three quarters of a percentage point."
The central bank lowered rates to 2.25% from 3%, but the cut was smaller than financial markets had expected.... Plans to forestall foreclosures
" USA Today reports (Noelle Knox 12/4/2007) that Treasury Secretary Henry Paulson will unveil a plan on Thursday to forestall foreclosures and ease the housing recession. The release of plan's details will coincide with the release of data from the Mortgage Bankers...White House Soft on China
President Bush again showed himself to be soft on China at this week’s Asia Pacific Economic Cooperation (APEC) summit in Australia. For good or bad, this American administration is following a conciliatory, pro-business policy line toward China. Some believe...Bush to outline proposals to help homeowners with risky mortgages
There are many ways George Bush can help. Call off the banks, the Revenue services and introduce lower extended term repayments. Its good to help people in a crisis, and bad publicity to ignore them!"Offering federal aid for strapped mortgage holders, U.S. President Bush is... China’s Worthless Stooges
Below Beijing’s leadership, who runs China’s sprawling bureaucracy? The cadre of loyal communist worthless stooges.
Yesterday The Washington Times published an article I wrote entitled “China: Less than the Whole Truth.” I pointed out that after more than seven... Senate Panel: “Squeeze China” on Currency
“A country builds its military strength on the back of its economic development. The West has dealt China a hand with all aces.”On the eve of a landmark visit to China by U.S. Treasury Secretary Henry Paulson, the U.S. Senate’s Finance Committee voted 20-1 to...US Dollar Stages Impressive U-turn Rally on Paulson's Remarks
Friday brought about an unpredictable course of price movements in the currency market. After a week of indecisive movements, the US dollar managed to end the week on a strong note. It was the most extensive one-day rally for the US dollar against the Euro since October, and...
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