WallStreetBlips - Top Government News, Videos, and Blogs

Interest rates: the phantom menace

Fri, 20 Nov 2009 16:38:40 +0000

What I think lies behind the surprising deficit squeamishness of the Obama administration, and why it's wrong-headed.

EconLog: Library of Economics and Liberty found this 12 hours ago on krugman.blogs.nytimes.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Interest Rate

Nirvana is Just a Band

Sat, 21 Nov 2009 02:11:17 +0000

Last week I wrote about one justification for exchange trading and clearing mandates--the market power argument. This week I'll examine another argument, and render a similarly skeptical verdict. In a chapter of Restoring Financial Stability, Viral Acharya, Rob Engle, Steve Figlewski, Anthony ...

Organizations and Markets found this 2 hours ago on streetwiseprofessor.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

Chris Dodd on Giethner, Bernanke and Summers (video)

Fri, 20 Nov 2009 18:06:35 +0000

with unemployment approaching 20% (broader index), foreclosure rate still increasing, and credit markets still frozen, how long can we afford to stand behind...

naked capitalism found this 10 hours ago on youtube.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Chris Dodd, Lawrence Summers, Ben Bernanke

Rep. Alan Grayson Passes Bill to Audit the Fed (video)

Fri, 20 Nov 2009 06:37:00 +0000

Rep. Alan Grayson argues in support of the Paul-Grayson amendment, which would subject the Federal Reserve to a complete audit. The amendment later passed th...

Mish's Global Economic Trend Analysis found this 22 hours ago on youtube.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Federal Reserve, Alan Greenspan, Bill Clinton

Invisible bond vigilantes

Fri, 20 Nov 2009 06:32:04 +0000

It would be a very, very bad thing if the administration is intimidated into passivity -- or, worse, into neo-Hooverism -- by the threat from invisible, probably imaginary enforcers.

Rolfe Winkler found this 22 hours ago on krugman.blogs.nytimes.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Barack Obama

The Big Squander

Fri, 20 Nov 2009 07:02:21 +0000

Earlier this week, the inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer. The gist of the report is that government officials made no serious attempt to extract ...

naked capitalism found this 21 hours ago on nytimes.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

House Attacks Fed, Treasury

Fri, 20 Nov 2009 17:34:54 +0000

Getty Images Treasury chief Geithner faced a House Republican who told him, 'The public has lost all confidence in your ability to do the job.' He shot back: 'What I can't take responsibility is for the legacy of crises you've bequeathed this country.'

Abnormal Returns found this 11 hours ago on online.wsj.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Getty Images, Timothy Geithner, Republican, Treasury Bills

The $100 Million Health Care Vote?

Fri, 20 Nov 2009 01:34:39 +0000

The health care bill includes a $100 million section for increasing medicaid subsidies to the state of Louisiana.

Coyote Blog found this 27 hours ago on blogs.abcnews.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle

Fri, 20 Nov 2009 06:37:00 +0000

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the ...

Mish's Global Economic Trend Analysis found this 22 hours ago on huffingtonpost.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Federal Reserve, Bill Clinton

White House Rebuke: Angry Dems Shut Down Vote

Fri, 20 Nov 2009 07:02:21 +0000

A bloc of African American House Democrats, angry and worried that not enough is being done about high unemployment by the administration, forced the postponement of a much-anticipated vote Thursday on comprehensive financial regulation reform. The Financial Services Committee had finished ...

naked capitalism found this 21 hours ago on huffingtonpost.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, White House, Barney Frank, Timothy Geithner

Dominating the Narrative

Fri, 20 Nov 2009 16:29:48 +0000

(November 20, 2009 08:57 AM, by Arnold Kling) Will Wilkinson writes, Ygesias says, "I believe that absent the [TARP] bailout, we'd be looking at even higher unemployment today." I think this is a plausible claim. But I don't know of a satisfactory way to evaluate it. It's plausible...

Cafe Hayek found this 12 hours ago on econlog.econlib.org

Find more top finance news, videos, and blogs on WallStreetBlips: Government, TARP, Depression

Progressives Cheer Senate Health Bill As Right Attacks Bill On Abortion Grounds

Fri, 20 Nov 2009 20:01:26 +0000

Progressives and ardent supporters of a healthcare public option are cheering the Senate version of health reform legislation to emerge Thursday. Social conservatives, meanwhile, are attacking the bill for lack of an anti-abortion amendment that had been included in the House version.

MediaMan posted 8 hours ago from onthehillblog.blogspot.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Bill Clinton

Why Employment Might Not Fully Recover Until 2013

Tue, 10 Nov 2009 16:27:05 +0000

The most recent employment report shows the unemployment rate at 10.2 percent, and the broader unemployment rate that accounts for part-time work and discouraged workers at 17.5 percent. With numbers like these, can we expect good news on the employment front anytime soon? Historically, a good ...

Economist's View found this 10 days ago on moneywatch.bnet.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Employment Downturn

Panel votes to audit Fed's balance sheet

Fri, 20 Nov 2009 02:14:00 +0000

Alert Email Print By Ronald D. Orol , MarketWatch WASHINGTON (MarketWatch) -- Rep. Ron Paul, who has sought to audit the Federal Reserve for 26 years, has inched ever so much closer to his goal. A key congressional panel on Thursday approved legislation introduced by the Texas congressman that ...

The Mess That Greenspan Made found this 26 hours ago on marketwatch.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

Pelosi: Passing a Wall Street Transport Tax Would Require Overseas Buy-in

Fri, 20 Nov 2009 11:01:00 +0000

Any proposal to fund new U.S. infrastructure investment by taxing financial transactions -- such as Rep. Pete DeFazio's (D-OR) bill taxing Wall Street oil speculators -- would require international participation to prevent the trades in question from migrating overseas, House Speaker Nancy ...

DealBook found this 17 hours ago on dc.streetsblog.org

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Nancy Pelosi

Ron Paul, Alan Grayson Audit The Fed Bill Approved In House Finance Committee

Fri, 20 Nov 2009 17:37:47 +0000

Chalk up a rare victory for the little guy (and the nation itself). The Bill To Audit Federal Reserve Passes Key Hurdle In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an ...

Bear Mountain Bull found this 11 hours ago on globaleconomicanalysis.blogspot.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Federal Reserve, Ron Paul, Alan Greenspan, Bill Clinton, Personal Finance, Paul Volcker

Tax the windfall banking bonuses

Fri, 20 Nov 2009 07:02:21 +0000

Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person should support them. So why do I now find the idea of a windfall tax on banks so appealing? Well, this time, it really does look different. First, all ...

naked capitalism found this 21 hours ago on ft.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Bank of England, Universal Banking

Moreon Negative T Bills

Fri, 20 Nov 2009 02:30:00 +0000

In my closing post I noted that T bill rates arein negative territory and gave some reasons for that. Here is an excerpt from David Ader of CRT on that same topic; “We instead take our cue from activity in the financing markets, where year end is playing its hand – Jan bills are trading ...

Calculated Risk found this 26 hours ago on acrossthecurve.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Treasury Bills

Some T-Bills Due Jan, Feb Are Trading With Negative Rates

Fri, 20 Nov 2009 10:53:25 +0000

Please register to gain free access to WSJ tools. An account already exists for the email address entered. Forgot your username or password? This service is temporary unavailable due to system maintenance. Please try again later. The username entered is already associated with another account. ...

FT Alphaville found this 17 hours ago on online.wsj.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Treasury Bills

Selecting a Domestic Fixed Income Benchmark

Fri, 20 Nov 2009 17:34:54 +0000

Barclays Aggregate is Yielding Just 3.35% Last month I detailed that the yield to worst of the Barclays Capital Aggregate Bond Index (i.e. the most popular US dollar fixed income benchmark) was minuscule at just around 3.5%. Well it is now yielding just 3.35% and as a reminder, that is ...

Abnormal Returns found this 11 hours ago on econompicdata.blogspot.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government