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Washington's Blog (633 Links)

Created by MyPropsMonkey 209 days ago in News. Views: 134. Link Views: 2,374
Tags: news finance economics
Related Tags: wall street video politics business stocks election bbc new york times

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America Stands Up To Wall Street

Posted by MyPropsMonkey 24 minutes ago (georgewashington2.blogspot.com).  Views: 0
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The American people are starting to stand up to Wall Street. Shareholder Revolt Some of Goldman Sach's biggest shareholders are demanding that execute compensation be reduced. As the Wall Street Journal notes: Their complaints in private [More...]

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Example of the Commercial Real Estate Crash: Silverdome Sells for $583K

Posted by MyPropsMonkey 2 hours 59 minutes ago (georgewashington2.blogspot.com).  Views: 1
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In an example of the collapsing real estate market, the Detroit Silverdome - which was almost sold last year for $20 million dollars - was just sold for $583K. Taxpayers paid $55.7 million to build the Silverdome in the 1975, the Pistons played there [More...]

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House Financial Services Committee APPROVES Bill to Audit the Fed (REJECTING Watt's Fake Alternate) and to Rein In Foreign Currency Swaps

Posted by MyPropsMonkey 19 hours 51 minutes ago (georgewashington2.blogspot.com).  Views: 1
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Congressman Watt tried to de-rail the bill to audit the Federal Reserve (H.R. 1207) with a fake alternate bill. See this, this, this and this. Fortunately, the House Financial Services Committee approved H.R. 1207 by 43-26, and rejected Watt's [More...]

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Congressman DeFazio: "We May Have To Sacrifice Just Two More Jobs (Summers and Geithner) To Get Millions Back For Americans"

Posted by MyPropsMonkey 1 day ago (georgewashington2.blogspot.com).  Views: 0
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Congressman DeFazio said yesterday: We think it is time, maybe, that we turn our focus to Main Street ... Unfortunately, the President has an adviser from Wall Street, Larry Summers, and a Treasury Secretary from Wall Street, Timmy Geithner, who [More...]

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6 Members of Congress Cals for Complete Audit of Fed in Light of AIG Counterparty Fiasco

Posted by MyPropsMonkey 2 days ago (georgewashington2.blogspot.com).  Views: 1
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Emailed to me by a contact in Congress. November 18, 2009 The Honorable Barney Frank Chairman, House Financial Services Committee 2129 Rayburn House Office Building Washington, DC 20515 The Honorable Christopher Dodd Chairman, Senate [More...]

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Obama: More Debt Could Push U.S. Into Double-Dip Recession | Biden: "Socialism For The Rich And Capitalism For The Poor" | Holder: Prosecute Fraud

Posted by MyPropsMonkey 2 days ago (georgewashington2.blogspot.com).  Views: 3
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President Obama, Vice President Biden and Attorney General Holder have all made some very hard-hitting statements over the last two days. Obama told Fox news that the United States' climbing national debt could drag the country into a double-dip [More...]

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Unions and Consumer Groups Support Bill to Audit the Fed: Call Congress To Support The Effort

Posted by MyPropsMonkey 2 days ago (georgewashington2.blogspot.com).  Views: 2
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A number of unions and consumer groups have signed a letter endorsing Ron Paul and Alan Grayson's call to audit the Federal Reserve. Here's their letter: House Financial Services Committee 2129 Rayburn House Office Building Washington, D.C. [More...]

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January 9th: National Citizens Day

In response to an article I wrote, Carol says: We need is someone to set the agenda, to Name a Day for the country's disenfranchised to show up in Washington. And I believe we're all disenfranchised at the moment. Alright, unless somebody has a [More...]

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The Fed Talking About Reducing Leverage Is Like A Crack Cocaine Dealer Handing Out "Just Say No" Stickers

Posted by MyPropsMonkey 3 days ago (georgewashington2.blogspot.com).  Views: 2
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The New York Federal published a report in July entitled "The Shadow Banking System: Implications for Financial Regulation". One of the main conclusions of the report is that leverage undermines financial instability: Securitization was [More...]

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Japan: Not Out of the Woods

Posted by MyPropsMonkey 3 days ago (georgewashington2.blogspot.com).  Views: 1
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My first reaction at seeing the headlines that the Japanese economy grew more than expected in July-Sept was excitement. After all, the main news coming out of Japan has been gloom and doom recently (and see this). But as Bloomberg points [More...]

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Special Inspector: AIG Counterparty VOLUNTEERED to Take a Haircut, But Geithner Refused

Posted by MyPropsMonkey 4 days ago (georgewashington2.blogspot.com).  Views: 1
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I received an advance copy of the Special Inspector General for Tarp's Report called "Factors Affecting Efforts to Limit Payments to AIG Counterparties", which will be released tomorrow. (It will be posted tomorrow for your review) The report [More...]

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When the Predator Becomes the Prey

Predators ... Who become too cocky ... Can become prey ...

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Bernanke Blames Banks For Slow Recovery and High Unemployment . . . Then Gives Them a Pat on the Back and a Wink

As I have repeatedly written, unemployment will worsen because the too big to fails aren't lending. See this. Bernanke just said the same thing: Federal Reserve Chairman Ben Bernanke on Monday blamed banks for slowing the recovery and keeping [More...]

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At Least One Central Bank Held Fake Gold

Rob Kirby seems like a fairly respectable fellow. But I am thoroughly agnostic about Kirby's claim that a large portion of the world's gold has been cut with tungsten. Big claims require big evidence, and I haven't seen it yet. However, we do know [More...]

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Why Are the Bad Guys Winning?

Posted by MyPropsMonkey 4 days ago (georgewashington2.blogspot.com).  Views: 2
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How come the Wall Street robber barons who brought on the financial crisis are still calling the shots and pillaging the economy? Sure, Congress is bought and paid for, and the fox is guarding the chicken coop in the Executive Branch, with Summers and [More...]

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Chanos Shorts China

Famed short trader Jim Chanos thinks that China's economy has real problems and is overvalued. He's therefore shorting China. As Politico writes. Now, Chanos says he has found another “trust me” story: China. And he is moving to short the entire [More...]

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"War ALWAYS Causes Recession"

Posted by MyPropsMonkey 5 days ago (georgewashington2.blogspot.com).  Views: 1
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PhD economist Marc Faber predicts that the U.S. will launch a war to distract people from the bad economy. China's largest media outlets - Sohu.com - wrote in October 2008 that the leading U.S. military advisor, the Rand corporation, lobbied the [More...]

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Former Vice President of Dallas Fed: Tarp Didn’t Restore Health of Banking System

Posted by MyPropsMonkey 6 days ago (georgewashington2.blogspot.com).  Views: 4
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Newsweek has a one year retrospective on the Tarp bailouts which contains the following important quotes: "It hasn't done what [Paulson] said it would," says Jerry O'Driscoll, a former vice president of the Dallas Federal Reserve and a senior [More...]

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Would Government Really Start a War to Try to Stimulate the Economy?

Posted by MyPropsMonkey 6 days ago (georgewashington2.blogspot.com).  Views: 2
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I've written two essays attempting to disprove "military Keynesianism" - the idea that military spending is the best stimulus. See this and this. In response, a reader challenged me to prove that anyone would advocate military spending or war [More...]

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Hayek: “Emergencies Have Always Been the Pretext on Which the Safeguards of Individual Liberty Have Eroded”

Posted by MyPropsMonkey 7 days ago (georgewashington2.blogspot.com).  Views: 3
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Well-known Austrian economist Friedrich von Hayek wrote: "Emergencies” have always been the pretext on which the safeguards of individual liberty have eroded. Rahm Emanuel famously said: Never let a serious crisis go to waste. What I mean by [More...]

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