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Kohn is a certifiable agent of the Crooks -- Bankrupters and Fraudsters of New York City. He is supposed Ring Leader at the Fed. Talk about high Mafia.
Statement of Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation on The State of The Banking Industry: PART II before the Committee on Banking, Housing and Urban Affairs, U.S. Senate
June 5, 2008
Room 538, Dirksen Senate Office Building FDIC: Error 404 - Page Not Found
WSJ
Fed's Lacker Raises Concerns
About Deal to Rescue Bear
"In a striking insider's critique, a Federal Reserve policymaker said lending programs the central bank has created to combat the credit crisis distort private markets, encourage risky behavior, and could endanger the Fed's independence." Insider Joins Critics of the Fed, Faulting Credit-Crisis Programs - WSJ.com
With the U.S. housing market still under stress, investment banks need more capital to hedge against risks, Federal Reserve Board Vice-Chairman Donald Kohn told U.S. Congress on Thursday.
Translation: We know the banks need to find some more suckers to take the losses that are hidden on their books and they need to get to step'e
The U.S. Federal Reserve should be careful about not encouraging excessive risk by continuously rescuing the financial system, and must set a clear benchmark for when its role as lender of last resort should be employed, a top Fed official said on Thursday.
Philadelphia Federal Reserve President Charles Plosser's comments came as investors worried about the possibility that Lehman Brothers could run into trouble similar to that of Bear Stearns, whose problems prompted the Fed to orchestrate a buyout of the firm by JP Morgan.
"Policy interventions in financial markets run the risks of increasing moral hazard and inhibiting efficient price discovery," Plosser said in prepared remarks for delivery at New York University's Stern School of Business. "Moreover, interventions intended to quell instability can, by creating moral hazard, actually make instability more severe in the long run."
Economic theory that created this mess is so flawed that I am still surprised that the rest of world is copying this model, without realizing that its final end is a huge economic crisis, followed by either a environmental collapse or a war. The major mistake is cultural: economists assumed that economic system is neutral to Nature and that planet and Nature are inexhaustible. Economic growth and GDP are the only goals. GDP is invisible to environment collapse and its costs. GDP only account for these problems only when the social or environmental costs require an industry. Pollution, global warming,the biggest life extinction of the last 65 millions of year are profitable!!! Until our rude awakening, when we will facing the truth: we are totally nature dependent and we destroyed the most important values for our lives and for our future.
In the remaining part of this history, we will be discussing our financial losses. With greedy of course.
And the perfect storm continues to brew just over the horizon. Bank-failures coupled with growing inflation will probably lead to more desperate measures by the fed; investments being pulled out of the market by scared shareholders... and a likely horrid presidential election (fear-mongering/racism)... yeah, good times ahead.
"May you live in interesting times." - Indeed, we do.
Please don't feed the trolls.
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Kohn is a certifiable agent of the Crooks -- Bankrupters and Fraudsters of New York City. He is supposed Ring Leader at the Fed. Talk about high Mafia.
The system of the...
Jas
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"Please don't feed the trolls."
Trolls are self fed!
Jas
Expect more Bank Loan Losses = We will bail em out, this is so BS.
St. Petersburg Times
Overdue loans to Florida banks quadruple
Business: Real Estate | tampabay.com - St. Petersburg Times and tbt*
GAO: FDIC needs stronger security controls
GAO: FDIC needs stronger security controls -- Federal Computer Week
Reuters
FDIC should take action on risky deposits: Schumer
FDIC should take action on risky deposits: Schumer
| Reuters
Just more excuses for Fed to cut rates...
Gee Ya think Donald?
How cheap are ski boats in FL these days? Would it be worth buying one there and trucking it out west?
Statement of Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation on The State of The Banking Industry: PART II before the Committee on Banking, Housing and Urban Affairs, U.S. Senate
June 5, 2008
Room 538, Dirksen Senate Office Building
FDIC: Error 404 - Page Not Found
WSJ
Fed's Lacker Raises Concerns
About Deal to Rescue Bear
"In a striking insider's critique, a Federal Reserve policymaker said lending programs the central bank has created to combat the credit crisis distort private markets, encourage risky behavior, and could endanger the Fed's independence."
Insider Joins Critics of the Fed, Faulting Credit-Crisis Programs - WSJ.com
With the U.S. housing market still under stress, investment banks need more capital to hedge against risks, Federal Reserve Board Vice-Chairman Donald Kohn told U.S. Congress on Thursday.
Translation: We know the banks need to find some more suckers to take the losses that are hidden on their books and they need to get to step'e
get a new video in the sidebar, please. that pet story is depressing.
The U.S. Federal Reserve should be careful about not encouraging excessive risk by continuously rescuing the financial system, and must set a clear benchmark for when its role as lender of last resort should be employed, a top Fed official said on Thursday.
Philadelphia Federal Reserve President Charles Plosser's comments came as investors worried about the possibility that Lehman Brothers could run into trouble similar to that of Bear Stearns, whose problems prompted the Fed to orchestrate a buyout of the firm by JP Morgan.
"Policy interventions in financial markets run the risks of increasing moral hazard and inhibiting efficient price discovery," Plosser said in prepared remarks for delivery at New York University's Stern School of Business. "Moreover, interventions intended to quell instability can, by creating moral hazard, actually make instability more severe in the long run."
Plosser: Fed should be leery of financial rescues
| Reuters
Watch what they do and not what they say.
Economic theory that created this mess is so flawed that I am still surprised that the rest of world is copying this model, without realizing that its final end is a huge economic crisis, followed by either a environmental collapse or a war. The major mistake is cultural: economists assumed that economic system is neutral to Nature and that planet and Nature are inexhaustible. Economic growth and GDP are the only goals. GDP is invisible to environment collapse and its costs. GDP only account for these problems only when the social or environmental costs require an industry. Pollution, global warming,the biggest life extinction of the last 65 millions of year are profitable!!! Until our rude awakening, when we will facing the truth: we are totally nature dependent and we destroyed the most important values for our lives and for our future.
In the remaining part of this history, we will be discussing our financial losses. With greedy of course.
Hugo Penteado
Yeah, Greed is good until it's dead.
And the perfect storm continues to brew just over the horizon. Bank-failures coupled with growing inflation will probably lead to more desperate measures by the fed; investments being pulled out of the market by scared shareholders... and a likely horrid presidential election (fear-mongering/racism)... yeah, good times ahead.
"May you live in interesting times." - Indeed, we do.