" So a stock market crash is on the horizon. I think that is what keeps Mr Paulson awake at night: the prospect of a systemic meltdown of asset values. It has happened before. But not since the 1929 at a time when the banking system was so weak. "
Reports say the bailout of Fannie and Freddie is imminent."SAN FRANCISCO (MarketWatch) Rep. Barney Frank (D., Mass.) confirmed Saturday that Treasury Secretary Henry Paulson is planning government intervention to back troubled mortgage giants Fannie Mae and Freddie Mac. The...
created by dunkelberg | 4 years ago | updated 4 years ago 187 views | 2 recommendations | 2 comments
I discovered Solari and Solari circles a few years ago. The founder, Catherine Austin Fitts, is an investment adviser, a former Assistant Secretary for Housing-Federal Housing Commissioner (HUD), and investment banker. The following excerpt is some of her shocking discoveries...
" 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...
created by nukegingrich | 4 years ago | updated 4 years ago 540 views | 0 recommendations | 0 comments
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...
created by kferaday | 4 years ago | updated 4 years ago 333 views | 12 recommendations | 5 comments
" 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...
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...
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.
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...
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...
created by djermano | 5 years ago | updated 5 years ago 556 views | 10 recommendations | 3 comments
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...
created by cynthia yoo | 5 years ago | updated 5 years ago 200 views | 0 recommendations | 0 comments
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....
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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...
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...