Government
baselinescenario.com - 4 hours ago
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baselinescenario.com —
This post is a slightly edited version of
remarks prepared for delivery at Unwinding Public Interventions in...
the Financial Sector: Preconditions and Practical Considerations , IMF High-Level Conference, Thursday, December 3, 2009, Washington D.C. I participated in Session 2: Managing Fiscal ...
(more)
Measuring The Fiscal Costs Of Not Fixing The Financial ...
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jamesykwak
posted 4 hours agoposted this
securitiesdocket.com - 7 hours ago
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securitiesdocket.com —
Web Watch: Best Blog Posts and Columns For
the Week Ending Dec. 4, 2009 (SD) http://bit.ly/80d93r #...
FINRA Execs Rake It In While Organization Loses Money http://bit.ly/4OQ0iV # Galleon Figure Kumar No Longer With McKinsey http://bit.ly/5SE1Ci # House Passes Enhanced SEC Enforcement ...
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Securities Docket A.M. News Wire for 2009-12-05
onthehillblog.blogspot.com - 19 hours ago
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onthehillblog.blogspot.com —
Instead of developing substantive proposals to reform the
U.S. healthcare system, Senate Republicans have assembled a point-by-point...
plan designed to do nothing but stall and obstruct the Democrats' reform legislation, the Senate majority leader charges.
(more)
Sen. Gregg's GOP Tactics For Political Obstruction Of ...
fdic.gov - 20 hours ago
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fdic.gov —
New York Community Bank, Westbury, New York, Assumes
All of the Deposits of AmTrust Bank, Cleveland, Ohio...
AmTrust Bank, Cleveland, Ohio, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation ...
(more)
New York Community Bank, Westbury, New York, Assumes ...
fdic.gov - 21 hours ago
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fdic.gov —
State Bank and Trust Company, Macon, Georgia, Assumes
All of the Deposits of First Security National Bank,...
Norcross, Georgia First Security National Bank, Norcross, Georgia, was closed today by the Office of the Comptroller of the Currency (OCC), ...
(more)
Press Releases - PR-220-2009 12/4/2009
fdic.gov - 21 hours ago
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fdic.gov —
State Bank and Trust Company, Macon, Georgia, Assumes
All of the Deposits of the Buckhead Community Bank,...
Atlanta, Georgia The Buckhead Community Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which ...
(more)
Press Releases - PR-219-2009 12/4/2009
dailybail.com - 23 hours ago
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dailybail.com —
Senator Jim Demint (R-SC) announced on Twitter last
night that he would make block B-52's nomination "until...
we get a vote to audit the Fed." Demint joins fellow Senators Bernie Sanders, Jim Bunning and Daivd Vitter in announcing plans to place a procedural 'hold' or block on the ...
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Senators Demint & Vitter Announce Block On Bernanke's ...
dailybail.com - 24 hours ago
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dailybail.com —
Video: Mike Stark gets confirmation from Sen. Bunning
that he will place a legislative hold on the...
Senate vote to confirm Bernanke -- December 3, 2009 From The Hill Sen. Jim Bunning has placed an additional hold on Federal Reserve Chairman Ben Bernanke's nomination to a second ...
(more)
Bunning Calls Bernanke's Performance "Worse Than (Fired) ...
dailybail.com - 24 hours ago
Bunning Joins Sanders In Move To Block Vote On Bernanke (Calls His Performance 'Worse Than Notre ...
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dailybail.com —
Video: Mike Stark gets confirmation from Sen. Bunning
that he will place a legislative hold on the...
Senate vote to confirm Bernanke -- December 3, 2009 From The Hill Sen. Jim Bunning has placed an additional hold on Federal Reserve Chairman Ben Bernanke's nomination to a second ...
(more)
Bunning Joins Sanders In Move To Block Vote On Bernanke ...
securitiesdocket.com - 25 hours ago
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securitiesdocket.com —
A panel of legal and financial experts will
discuss emerging trends in investigations, accounting fraud, and related...
damage considerations. The discussion will cover topics such as: legal definitions of fraud, types of damages associated with fraud claims, detection of accounting fraud, and ...
(more)
December 8 Webcast: Investigations, Accounting Fraud, ...
dailybail.com - 25 hours ago
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dailybail.com —
Video: Excellent recap of yesterday's confirmation hearings with
quotes from Bernanke, Senators Bunning , Shelby, & Dodd's...
opening statement -- December 3, 2009 -- Runs 3 minutes "I believe you are the right leader for this moment in the nation's economic history and I believe your ...
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Chris Dodd's Opening Remarks Praise Bernanke: "I Believe ...
hf-implode.com - 26 hours ago
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hf-implode.com —
"Chancellor of the Exchequer Alistair Darling will scale
back his estimate for the cost of bailing out...
Britain’s banks to no more than 10 billion pounds ($16.6 billion) from 50 billion pounds, Treasury officials said."
(more)
Darling Said to Cut Bank Bailout Cost Estimate by 80%
economistsview.typepad.com - 27 hours ago
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economistsview.typepad.com —
Tim Duy passes this along: No Exit: The
Case for $6 Trillion More Monetary Stimulus, by Joseph...
Gagnon, Peterson Institute for International Economics : A lively debate is under way between those who want more fiscal stimulus to create jobs and ...
(more)
"The Case for $6 Trillion More Monetary Stimulus"
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J. Bradford DeLong's Grasping Reality with All Eight ...
found this 27 hours agofound this
baselinescenario.com - 28 hours ago
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baselinescenario.com —
Andrew Ross Sorkin’s Too Big to Fail sure
is a page-turner; even for events that I already...
knew about in general, it’s full of new details and juicy quotations. For example, on page 508 it lays out the details of Warren Buffett’s October 2008 proposal for a ...
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Buffett and Geithner
247wallst.com - 29 hours ago
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247wallst.com —
The Labor Department is out with its November
unemployment rate and the change in non-Farm payrolls. The...
official unemployment rate in November went down to 10.0% from 10.2% in October. That is of course the official rate, as the unofficial rate is ...
(more)
Unemployment’s Surprising Drop
pheedcontent.com - 29 hours ago
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pheedcontent.com —
$$$ Sandy Weill thinks Tim Geithner needs a
massage [NYM] $$$ How To Catch High-Flyers [FT] $$$...
Tiger's New Sponsors [CNBC] $$$ Bernie Sanders is not threatening the Federal Reserve's 'independence' [WaPo] Bernie ...
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Write-Offs: 12.03.09
online.wsj.com - 29 hours ago
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online.wsj.com —
DAVID MALPASS The Federal Reserve implemented an emergency
monetary policy after the 2008 Lehman bankruptcy to salvage...
the world financial system. In his testimony yesterday before the Senate Banking Committee, Fed Chairman Ben Bernanke said, "We must ...
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David Malpass: Near-Zero Rates Are Hurting the Economy
eurotrib.com - 32 hours ago
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eurotrib.com —
Remember when US President Obama bowed to the
emperor of Japan? And when he was......
(more)
Europe's SWIFT Bow
bloomberg.com - 32 hours ago
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bloomberg.com —
Dec. 4 (Bloomberg) -- Federal Reserve Chairman Ben
S. Bernanke left a Senate confirmation hearing with support...
for a second term heading a central bank that may be shorn of its powers to supervise financial firms. Banking Committee Chairman ...
(more)
Bernanke May Get Second Term at Fed Shorn of Bank ...
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Technically Speaking, Market Analysis and Theory
found this 32 hours agofound this
paul.kedrosky.com - 34 hours ago
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paul.kedrosky.com —
As expected, Fed head Ben Bernanke got a
rough ride today at his pre-confirmation confirmation hearing. While...
he wasn't accused of having had anything to do with the Lindbergh kidnapping, the poor box office of The Land Before Time, recent snow in ...
(more)
The Bad Ben Bernanke Bet
calculatedriskblog.com - 34 hours ago
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calculatedriskblog.com —
In his 2001 testimony , Fed Chairman Alan
Greenspan testified before the House Committee on the Budget,...
and while offering his usual cautions and caveats, Greenspan talked of surpluses for the foreseeable future. Greenspan spoke of "an on-budget ...
(more)
Fed Chairman Never Learn
ritholtz.com - 34 hours ago
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ritholtz.com —
With a groundswell of public opinion against the
Federal Reserve in general and Ben Bernanke in particular,...
Sen. Jim Bunning (R-KY) takes something of a victory lap for having been the only committee member to oppose Bernanke’s nomination four ...
(more)
Jim Bunning does not heart Ben Bernanke
dailybail.com - 34 hours ago
Sen. Bunning Tells Bernanke: "You Are The Definition Of A Moral Hazard; The AIG Bailout Alone Is ...
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dailybail.com —
PLEASE email, facebook, re-tweet, share and take our
stories with you when you leave. Our only weapon...
against the madness is GREATER AWARENESS. Thank you. ---------- Video: Senator Jim Bunning Opening Remarks And Response From Federal Reserve Chairman Bernanke -- ...
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Sen. Bunning Tells Bernanke: "You Are The Definition Of ...
hf-implode.com - 35 hours ago
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hf-implode.com —
"“Congressman addresses warmongers, directly asks Gates, Clinton if
they support Bush doctrine of “preventive war”"...
(more)
Ron Paul: Obama Is Preparing for Perpetual War
nao.org.uk - 35 hours ago
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nao.org.uk —
The public support provided to United Kingdom banks
by the Treasury was justified, given the scale of...
the economic and social costs if one or more major banks had collapsed. The final cost to the taxpayer won’t be known for a number of years, however.
(more)
Maintaining financial stability across the United ...
economix.blogs.nytimes.com - 36 hours ago
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economix.blogs.nytimes.com —
Should Ben Bernanke be reappointed to lead the
Fed?...
(more)
Bernanke, Pro and Con
onthehillblog.blogspot.com - 43 hours ago
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onthehillblog.blogspot.com —
The health insurance industry is banking on its
massive campaign contributions to lawmakers to prevent Sen. Patrick...
Leahy from passing his measure to strip the industry of its antitrust protection, according to open government watchdog groups.
(more)
Health Industry Hopes Influence Investment 'Pays Off' To ...
thehill.com - 45 hours ago
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thehill.com —
Federal Reserve Chairman Ben Bernanke on Thursday threw
cold water on efforts to push a major new...
fiscal stimulus package. At his confirmation hearing for a second term as chairman, Bernanke emphasized that the government has spent less than half of ...
(more)
Bernanke: 'Little bit early' to make case for second ...
huffingtonpost.com - 45 hours ago
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huffingtonpost.com —
Ben Bernanke has overseen the greatest expansion of
the Federal Reserve's balance sheet in its history, pouring...
trillions of dollars into Wall Street firms at roughly zero interest rates. His generosity, however, has a limit. In testimony before the ...
(more)
Bernanke Channels Willie Sutton In Assault On Social ...
247wallst.com - 46 hours ago
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247wallst.com —
There have been at least two occasions where
President Obama has effectively made reference to the direction...
of the unemployment and non-farm payrolls data within the few days before the key report due Friday. One was just a month ago, but it seems ...
(more)
Did Obama Warn on Friday’s Unemployment Data?
247wallst.com - 46 hours ago
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247wallst.com —
The Institute of Supply Management has released its
November data for the services sector this morning. The...
ISM non-Manufacturing data had gotten back to growth briefly in October and September. The November figure came in at 48.7% in versus 50.6% ...
(more)
ISM Data: Service Sector Back in Hell
247wallst.com - 46 hours ago
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247wallst.com —
The Labor Department is out with the newest
weekly jobless claims data. The figure came in at...
457,000 versus the estimates from Bloomberg of 485,000. The preliminary unrevised figure a week ago was 466,000, and that was revised to 462,000 for the ...
(more)
Jobless Data Staying in Right Direction
krugman.blogs.nytimes.com - 47 hours ago
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krugman.blogs.nytimes.com —
What I see is years of terrible job
markets, combined with political paralysis....
(more)
Things to come
bunning.senate.gov - 2 days ago
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bunning.senate.gov —
Bunning Statement On The Re-Nomination Of Ben Bernanke
To Be Chairman Of The Federal Reserve Senate Banking...
Committee Thursday, December 3, 2009 As Prepared For Delivery: Four years ago when you came before the Senate for confirmation to be Chairman ...
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United States Senator Jim Bunning, Kentucky
onthehillblog.blogspot.com - 2 days ago
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onthehillblog.blogspot.com —
Leaders on opposite sides of the political spectrum
joined forces today on a letter to the Senate...
seeking that Congress mandate an audit of the Federal Reserve Bank before voting to reappoint Federal Reserve Chairman Ben Bernanke for a second term.
(more)
Left-Right Coalition Calls For Federal Reserve Audit ...
richard-wilson.blogspot.com - 2 days ago
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richard-wilson.blogspot.com —
SEC Hedge Funds Probes SEC Increases Probes into
Hedge Funds The Securities and Exchange Commission is ramping...
up probes into the hedge fund industry. Hedge funds are also being asked to surrender performance and trading data to the regulator. According to ABC News, The SEC ...
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SEC Hedge Funds Probes
econompicdata.blogspot.com - 2 days ago
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econompicdata.blogspot.com —
With Agency MBS trading at Treasury levels and
Investment Grade Credit spread at narrower levels than in...
June '08 (i.e. pre "system might crash"), I think the statement "we've come a long way in 12 months" is probably too much of an understatement. ...
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Historical Spreads
marketsci.wordpress.com - 2 days ago
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marketsci.wordpress.com —
This is the LAST POST in a series
looking at how some of the simple indicators we’ve...
talked about in the past fared through this very interesting trading year. In this post we look at using the Falling 10-year Yields strategy to trade the S&P ...
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Simple Indicator YTD Review: Falling 10-year Yields Strategy
news.firedoglake.com - 2 days ago
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news.firedoglake.com —
As Ben Bernanke’s confirmation hearing begins in the
Senate Banking Committee, a source tells FDL News that...
one Senate staffer and an outside source confirmed to him that at least one Republican on the committee will also place a hold on the Federal ...
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Exclusive: Republican To Place Additional Hold On ...
inthemoneystocks.com - 2 days ago
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inthemoneystocks.com —
The economic news flooded the market this morning
as Jobless Claims came in better than expected while...
Retail Sales and ISM Services came in far worse than expected. Let's analyze. Jobless Claims came in far better than expected. What does it mean? Well I would personally put an asterisk next to
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Analysis Of The Key Economic Reports (Grade: C-): Data ...
hf-implode.com - 2 days ago
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hf-implode.com —
" Beginning in the 1990’s, various administrations have
taken steps to diminish the rules and regulations that...
protected investors. These initiatives ranged from dismembering the Glass Steagall Act, to changing the law to protect corporations from legal action by shareholders, to declawing the ...
(more)
Deregulation? Bad News for Investors
federalreserve.gov - 2 days ago
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federalreserve.gov —
Chairman Ben S. Bernanke Confirmation hearing Before the
Committee on Banking, Housing, and Urban Affairs, U.S. Senate,...
Washington, D.C. December 3, 2009 Chairman Dodd, Senator Shelby, and members of the Committee, I thank you for the opportunity to ...
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FRB: Testimony--Bernanke, Confirmation hearing--December ...
cleveland.com - 2 days ago
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cleveland.com —
By Teresa Dixon Murray, The Plain Dealer December
02, 2009, 9:10PM amtrust-bank-mentor.jpg Plain Dealer file The Amtrust...
branch on Mentor Ave. in Mentor. When AmTrust Financial Corp. filed for bankruptcy protection this week, it may have been trying ...
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AmTrust's bankruptcy filing may be a lesson learned from ...
baselinescenario.com - 2 days ago
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baselinescenario.com —
On Thursday, Ben Bernanke will appear before the
Senate Banking Committee, to begin his reconfirmation process as...
chairman of the Federal Reserve Board. Based on committee members’ public statements , Bernanke already appears to have enough votes on his side. But Thursday’s hearing and the ...
(more)
Some Questions For Mr. Bernanke
securitiesdocket.com - 2 days ago
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securitiesdocket.com —
Petters Convicted in $3.6 Billion Ponzi Scheme http://bit.ly/7w8jCb
# House of Representatives Votes to Increase SEC Subpoena...
Power http://bit.ly/6xqZ9a # Paul Hastings Lawyers Jailed in Hong Kong for American-Style Practices http://bit.ly/7XHQvL # Judge ends Enron shareholder ...
(more)
Securities Docket A.M. News Wire for 2009-12-03
newyorkfed.org - 2 days ago
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newyorkfed.org —
Remarks by Brian P. Sack at the Money
Marketeers of New York University, New York City...
(more)
Remarks by Brian P. Sack: The Fed's Expanded Balance Sheet
washingtonpost.com - 2 days ago
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washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from...
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
Don't expand the Fed's roles and responsibilities
brucekrasting.blogspot.com - 2 days ago
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brucekrasting.blogspot.com —
Big job confab at the White House today.
Some very smart folks are in attendance. No doubt...
but that there will be some good recommendations made. The question is can we afford to implement any of them? I am as certain as I can be that one of the ...
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Jobs - A Solution at Hand?
independent.co.uk - 2 days ago
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independent.co.uk —
Britain's biggest mortgage lenders say more and more
of their customers are choosing to overpay on their...
home loans, frustrating attempts by the Bank of England to boost the economy with ultra-low interest rates and lower monthly mortgage bills, a ...
(more)
The Independent
ritholtz.com - 2 days ago
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ritholtz.com —
Is Ben Bernanke a sure thing? Not so
fast, says Senator Bernie Sanders of Vermont. Several other...
Senators are looking to showboat the reappointment hearings to push for auditing of the Fed or other such issues. This raises an interesting ...
(more)
Open Thread: Is the Fed Chair’s Reappointment at Risk?























