blogs.wsj.com - 2/12/2009
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The Federal Reserve is looking increasingly unlikely to purchase long-term U.S. Treasury securities any time soon, as the central bank gears up to launch a different program aimed at jumpstarting the market for consumer loans. Federal Reserve Chairman Ben Bernanke raised the idea of purchasing ...
econbrowser.com - 2/11/2009
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econbrowser.com —
Here's my two cents on the latest two
trillion. Treasury Secretary Timothy Geithner began his remarks to...
the Senate Banking Committee this morning as follows: To get credit flowing again, to restore confidence in our markets, and restore the ...
(more)
The Treasury's Financial Stability Plan
nakedcapitalism.com - 2/11/2009
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nakedcapitalism.com —
I cannot recall a major US policy initiative
being met with as much immediate revulsion as the...
so-called Geithner plan. Even the horrific TARP, which showed utter contempt for Congress and the American public was in some ways less troubling. ...
(more)
Geithner Plan Smackdown Wrap
baselinescenario.com - 2/17/2009
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baselinescenario.com —
The worst possible way to nationalize would be
to assume responsibility for the liabilities of banks, at...
the same time as not putting in place adequate oversight and failing to ensure that the taxpayer gets any upside. Even worse, we could install managers with a proven track record of ...
(more)
Reprivatization After Paulson
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US Treasuries, not treasured by Fed, or Gross
FT Alphaville —
... of buying longer-term Treasuries in November, and mentioning the prospect in his past two policy statements, the idea was markedly absent from Fed chairman Ben Bernanke’s Tuesday testimony. The Wall Street Journal’s Real Time Economics blog speculates : Fed officials could be preoccupied by a new program aimed at jumpstarting consumer loan markets, an effort being coordinated with the Treasury Department. That program represents an enormous commitment by the Fed. The Term Asset-backed Securities Loan Facility, which will help finance asset backed securities tied to consumer ...
Thursday morning links
The Mess That Greenspan Made —
... January foreclosures fall: RealtyTrac - Reuters Start the Recovery: End Foreclosures! - Alternet.org Moratoriums responsible for slowdown in January foreclosure numbers - LA Land Homeowner Confidence by Region - ZillowBlog Looks like home buyers may have to wave goodbye to $15,000 - LA Land FED/TREASURY/BANKING Fed in Talks to Add Primary Dealers as Sales Rise to Record - Bloomberg Fed Looking Unlikely to Buy Treasurys - WSJ Economics Blog Fed’s Evans Says ‘Protracted’ Economic Slump Likely - ...
Related Content
Real Time Economics : Could Market Force Fed to Buy Treasurys?
blogs.wsj.com 1/23/2009 — Could a recent and steady rise in Treasury yields force the Federal Reserve to start buying in bulk longer-dated government bonds? Merrill Lynch economists are warning that the answer may be “yes.” Economists David Rosenberg and Drew Matus said in a ...
Federal Reserve and the Treasury Joint Statement
acrossthecurve.com 3/24/2009 — The Federal Reserve and the Treasury issued a joint statement at 430PM New York time about the role of the Federal Reserve in the ongoing credit crisis.
I am surprised that I have not seen any comments on this. JPMorgan economists entitled their ...
The bubble in TBT
accruedint.blogspot.com 2/13/2009 — Just a few weeks ago, a number of commentators were calling the Treasury bond market a bubble . The 10-year Treasury had fallen to nearly 2.00%, and the 30-year bond had fallen to 2.50%. But since that time, the 30-year Treasury has risen by 100bps, ...
Option Pricing for Beginners
baselinescenario.com 5/23/2009 — For a complete list of Beginners articles, see Financial Crisis for Beginners .
I’ve had two posts so far on the terms under which Treasury sold back to Old National the warrants on Old National stock that Treasury got in exchange for its TARP investment, so I thought it was time for ...
On the Fed's "Shock and Awe"
nakedcapitalism.com 3/19/2009 — When some deemed the Fed's move today to expand its balance sheet by as much as a trillion dollars plus as "shock and awe", I recalled that when that term was first used, at the beginning of the US invasion of Iraq. The notion was a display of ...
Fan to Judge: T.O. coup for Bills
cbssports.com 3/10/2009 — Clark Judge is still trying to wrap his head around the Bills signing Terrell Owens. A friendly Bills fan breaks it down for him.
How to Get The Fed Out Of Its 'Box'
online.wsj.com 6/22/2009 — FREDERIC S. MISHKIN When the Federal Open Market Committee meets this Tuesday and Wednesday, the Federal Reserve will face a serious dilemma. Since the last committee meeting six weeks ago, the 10-year U.S. Treasury yield has risen by around 70 basis ...
Bond Market Open November
acrossthecurve.com 30 days ago — Prices of Treasury coupon securities have posted modest losses in overseas trading. I do not see a strong impetus in the news for the small declines in Treasury prices. Stocks around the globe are trading well with robust gains in Europe and healthy ...
Debt and money
macroblog.typepad.com 6/3/2009 — If you are hunkered down on inflation watch, yesterday's news offered some soothing words. From Reuters :
"Chinese officials have expressed concern that heavy deficit spending and an ultra-loose monetary policy could spark inflation, eroding the ...
Treasury is right to go long
blogs.reuters.com 10/28/2009 — Timothy Geithner wants to lock in low rates for the government while he can, extending the maturity of Treasury debt to 72 months from 49, a 26-year low.
It’s a smart move — if he can pull it off.
To do so, he’ll have to ...
Politics this week —
The Economist: Full print edition 2/12/2009
Tim Geithner unveiled a long-awaited rescue plan for America’s financial system. The treasury secretary said banks would get more government cash if they need it, the Federal Reserve would expand its lending programme and private investors ...
Madoff’s Treasury Secretary Lineage —
The Big Money 2/12/2009
Loyal Madoff Files reader Daniel Black pointed out that our boy Bernie Madoff looks just like America’s first treasury secretary, Alexander Hamilton. Proof that they were separated at birth, as imagined by TBM art wunderkind Holly Allen:
...
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