Top Federal Reserve News, Videos, and Blogs - WallStreetBlips

Consumer debt drops for record 8th straight month

Fri, 6 Nov 2009 20:00:00 +0000

WASHINGTON (MarketWatch) - Outstanding consumer debt fell at a 7.2% annual rate in September, the eighth consecutive decline, the Federal Reserve reported Friday. Consumer credit fell by $14.8 billion to $2.46 trillion in September, down 4.7% compared with a year ago. Outstanding credit can ...

Calculated Risk found this 25 hours ago on marketwatch.com

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A 25 Billion Dollar Secret: The NY Fed, Goldman & The AIG Cover-Up

Thu, 5 Nov 2009 22:48:18 +0000

How The FRBNY's President Tim Geithner And Chairman Stephen Friedman Demanded Par For Goldman Sachs And The Rest Of Wall Street And Then Tried To Cover It All Up

The Daily Bail posted 46 hours ago from dailybail.com

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Unemployment in U.S. Jumps to 10.2%, Payrolls Fall

Fri, 6 Nov 2009 15:00:27 +0000

" The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain near zero."

iehi posted 30 hours ago from hf-implode.com

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Ron Paul Discusses The Gutting Of The "Audit The Fed" Bill

Fri, 6 Nov 2009 14:58:21 +0000

"Unfortunately Ron Paul's cause is for now doomed as the Goldman - Fed - Administration power arrow has the adminsitration at its "rightful" place in the bottom. Who is first and second is not even that relevant, although can likely guess the distribution. " Visit msnbc.com for Breaking News , ...

iehi posted 30 hours ago from hf-implode.com

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Goldman Whistleblower Nomi Prins Talks Banking Heist With Tavis Smiley

Thu, 5 Nov 2009 16:58:40 +0000

You know Nomi . The former Goldman Managing Director turned journalist-author is a whistleblower of sorts, who seems to relish spitting in the face of the Vampire Squid . Just who gets busted in this clip? That would be Larry Summers, Tim Geithner, Bernanke and Paulson, ...

The Daily Bail posted 2 days ago from dailybail.com

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Clash Looms on Banks

Wed, 4 Nov 2009 21:29:00 +0000

[Sen. Dodd and banking reform] Bloomberg News Sen. Christopher Dodd's proposal would strip almost all bank-supervision powers from the Federal Reserve and Federal Deposit Insurance Corp., and would create a new agency in charge of supervising all banks and bank-holding companies,

Between the Hedges found this 2 days ago on online.wsj.com

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Former Goldman Sachs Director Nomi Prins Talks Banking Heist With Tavis Smiley

Thu, 5 Nov 2009 16:58:40 +0000

The Daily Bail posted 2 days ago from dailybail.com

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Mirabile Dictu! Goldman Loses Money Only One Day in Last Quarter

Thu, 5 Nov 2009 18:01:45 +0000

OK, I have heard all the explanations, spreads are wider because there are fewer market makers, asset prices are rallying (market making firms are structurally long; it’s difficult and costly to go net short on that big a balance sheet), Goldman is currently the trading kingpin. But I ...

Rolfe Winkler found this 2 days ago on nakedcapitalism.com

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The Fed's Potent Medicine

Thu, 5 Nov 2009 17:10:00 +0000

Like any strong prescription, loose monetary policy may have some undesirable side effects—namely, commodity speculation and further dollar weakness

BloggingStocks found this 2 days ago on businessweek.com

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November 4, 2009

Wed, 4 Nov 2009 19:15:00 +0000

Release Date: November 4, 2009 For immediate release Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. ...

Calculated Risk found this 3 days ago on federalreserve.gov

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Ron Paul Vs. Michael Moore On Larry King Live (The Best Ron Paul Interview I've Ever Seen)

Wed, 4 Nov 2009 16:38:22 +0000

This is the most enjoyable Ron Paul interview we've ever come across -- from Larry King last Thursday. All bases are touched: healthcare reform (Congressman Paul is a practicing physician), corporatism versus capitalism, lobbying's influence on legislation, our 1-party system, the ...

The Daily Bail posted 3 days ago from dailybail.com

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The Fed and the Unemployment Rate cont’d

Wed, 4 Nov 2009 23:05:28 +0000

November 4, 2009 In response to the recent piece we wrote about the Fed and the unemployment rate, Bloomberg anchor Kathleen Hays emailed the following: [Richmond Fed president] “Jeff Lacker told me he could see the Fed tightening before unemployment comes down when I interviewed him last ...

Rover found this 2 days ago on ritholtz.com

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FOMC Statement: Fed on Autopilot, Will Reduce Buying Agency Paper

Wed, 4 Nov 2009 21:01:00 +0000

The Federal Reserve is set to continue its ZIRP (zero interest rate policy) until spring 2010. According to the statement released after the latest 2-day meeting of the Federal Open Market Committee (FOMC) the Fed kept its key interest rate unchanged at the level of 0% to 0.25%. While the Fed ...

prudentinvestor posted 3 days ago from prudentinvestor.blogspot.com

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TradingMarkets 7 Stocks You Need to Know for Thursday

Thu, 5 Nov 2009 10:25:00 +0000

In a classic twist of fate stocks sold off hard after surging higher on anticipation of market positive words from the Federal Reserve. Metro PCS reports earnings before the bell on Thursday morning.

Millionaire Now! found this 2 days ago on tradingmarkets.com

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Services in U.S. Probably Expanded for Second Month

Wed, 4 Nov 2009 14:44:46 +0000

" Government efforts to boost spending and keep borrowing costs low are stoking a rebound from the worst recession in seven decades. The pickup has yet to encourage hiring, probably ensuring Federal Reserve policy makers today will reiterate plans to keep their key interest rate near zero for an ...

iehi posted 3 days ago from hf-implode.com

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The Fed and its “extended period” language

Wed, 4 Nov 2009 07:52:39 +0000

Will they / won’t they? All eyes will be on the Fed statement issued around 2pm EST Wednesday to see if there is any change to the “extended period” language the US central bank uses to guide market expectations of the future path of interest rates (last FOMC statement). The current formula is ...

FT Alphaville found this 3 days ago on blogs.ft.com

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Job data welcomed as markets await Fed

Wed, 4 Nov 2009 12:22:11 +0000

The “great correlation trade” crunched back into gear on Wednesday as markets successfully negotiated the day’s important batch of data, pushing equities, oil and gold higher and forcing the dollar lower ahead of an eagerly anticipated announcement from the US Federal Reserve. The US-based ADP ...

FT Alphaville found this 3 days ago on ft.com

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Bloomberg News vs. Fed: Judgment against Fed attached

Wed, 4 Nov 2009 14:11:23 +0000

Posted by Edward Harrison on 25 August 2009 at 11:20 am Digg it Bookmark it Stumble it Reddit 25 Aug Share Below is a copy of the actual judgment in the Bloomberg News vs. Fed FOIA case. The case is: Bloomberg LP v. Board of Governors of the Federal Reserve System, U.S. District Court, Southern ...

naked capitalism found this 3 days ago on creditwritedowns.com

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Key Parts of Financial Stability Improvement Act

Wed, 28 Oct 2009 13:43:04 +0000

Here are some key parts of the draft legislation hashed out between House Financial Services Committee Chairman Barney Frank (D., Mass.) and the Treasury Department. 1) It would create a financial services oversight council, chaired by the Treasury Secretary, which would consist of Federal ...

The Aleph Blog found this 10 days ago on blogs.wsj.com

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The creeping power grab by the executive branch and Federal Reserve

Wed, 4 Nov 2009 16:36:56 +0000

By Edward Harrison of Credit Writedowns Yves is tied up in the never-ending ordeal that is writing a book, so I will fill in a few gaps by posting on NC today. Let’s wish Yves well in getting this thing sorted. The power grab at the Federal Reserve is a topic I first broached back in ...

Bear Mountain Bull found this 3 days ago on nakedcapitalism.com

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