Results tagged “Fed” from Dealbreaker
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Hold Your Horses
Nov 13, 2009, 5:06pm
Posted by Jon Shazar
Put down the emasculators, Chris Dodd. Your plan to geld Ben Bernanke just hit a serious roadblock. President Barack Obama sent out some of his lesser minions to make clear he wants his Federal Reserve to remain virile and whole,...
It's Not You, Ben, It's Me, Love, Chris Dodd
Nov 11, 2009, 9:03am
Posted by Jon Shazar
Well, here's a fun twist to Sen. Chris Dodd's proposal to castrate the Federal Reserve: Big Ben Bernanke is set to travel to the Hill at some point after Thanksgiving for a few rounds with the gentleman from Connecticut, who...
Recovery Even Slower Than Thought Earlier Today
Nov 09, 2009, 3:36pm
Posted by Jon Shazar
The most oft-heard description of the current economic recovery is "slow." (Nonexistent is a distant second.) And hot on the heels of another disappointing jobs report, which put unemployment about 10% for the first time in 26 years, here's some...
Fed's Portfolio Wasn't Looking So Hot In Q1
Jun 10, 2009, 1:25pm
Posted by Greg Michaels
Even with the explosive rally in everything during the last 3 weeks of March, the Fed took it on the chin (again) with its Bear and AIG investments. The Q1 hit was a robust $5.25 billion. The loss on the...
Fed Pressures Treasury Not To Wipe Out Fannie Mae Preferreds
Aug 25, 2008, 11:08am
Posted by John Carney
The Federal Reserve has been quietly pressuring the Treasury Department not to adopt a rescue plan for Fannie Mae and Freddie Mac that would wipe out the value of their preferred shares, according to a source familiar with the matter....
PIMCO's Bill Gross: The Fed Will Keep Lehman Afloat
Jul 10, 2008, 1:29pm
Posted by John Carney
Bill Gross just appeared on CNBC to crush the rumor that Pimco was diminishing its exposure to Lehman Brothers either by reducing its trading positions with Lehman or reducing any investment in Lehman. In his comments he said that Pimco's...
Fed and SEC to Compare Notes, Hank Paulson Blesses Union
Jul 07, 2008, 4:35pm
Posted by Dealbreaker
Today the Federal Reserve and the SEC signed the memorandum of understanding that would expand their information-sharing and cooperation along the lines of Henry Paulson's "Blueprint" for regulatory reform. The agreement is designed to bridge the gaps currently in the...
Cox to Bernanke and Paulson: "How Come You Guys Don't Call Anymore?"
Posted in Politics, Jun 23, 2008, 1:21pm
Posted by Dealbreaker
SEC chair Christopher Cox missed the 5am conference call when Ben Bernanke and Hank Paulson decided that the Fed would lend funds to rescue Bear Stearns from bankruptcy, the Wall Street Journal reports on today's front page. The call's time...
Scenario Contest Friday
Jun 13, 2008, 12:25pm
Posted by Bess Levin
This man was spotted outside the Federal Reserve Bank of New York yesterday at 11:20 am....
Fed Cuts 25 Basis Points: UPDATE
Apr 30, 2008, 2:58pm
Posted by Bess Levin
My darlings, you are in for a treat. I just got off the phone with Carney, who called moments after the Fed's 25 basis point cut announcement. Now, we won't be forced to slog through a piss poor attempt on...
Fed Cuts 25 Basis Points, Official Statement From Carney TK!
Apr 30, 2008, 2:18pm
Posted by Bess Levin
Keep On Predicting What The Fed Will Do-- Because Ron Would've Wanted It That Way
Apr 30, 2008, 10:30am
Posted by Bess Levin
Just in case you missed it, we ran a reader poll yesterday to predict what the Fed will do at 2:15, in memoriam of our fearless leader, Bon Quarney. Lon loved breaking out his crystal ball on such occasions (and...
Let's Predict the Fed Move -- Because Don Would Have Wanted It That Way
Apr 29, 2008, 4:45pm
Posted by Bess Levin
A few readers have noted that the wheels are coming off here in the absence of our fearless leader, Ron Blarney, and his capacious intellect and market moving insight. While I could never hope to bring the same gravitas that...
Rate Cuts and Fed Rescue Prompt Outrage At Wall Street
Mar 19, 2008, 8:59am
Posted by John Carney
It's well known that many Bear Stearns shareholders are not too happy that they may be asked to bear at least some portion of the cost of rescuing the financial markets from aftershocks of a Bear Stearns bankruptcy. Many believe...
Bernanke's Mother Also Available For Quotes (Not So Much Dad, Who Never Thought He Was Good Enough)
Mar 18, 2008, 1:20pm
Posted by Bess Levin
A lot of you think the end is nigh. You think there's no way out. You think JPMorgan is going to replace all of Bear Stearns with this huge bug, and that's going to be the end of it. And...
The Real Unemployment Number
Posted in Economic Indicators, Mar 07, 2008, 9:17am
Posted by John Carney
Good morning. Officially the February jobs number declined by 63,000. But the expansion of government jobs conceals the real damage our economy has suffered. Net out the government jobs and you have private sector employment contracting by around 101,000 jobs....
Fed Meeting Today: Sources Say Rampant Emergency Rate Cut Speculation Unfounded
Mar 03, 2008, 9:10am
Posted by John Carney
The Federal Reserve's Board of Governors is meeting today. Although the meeting is officially a regularly scheduled meeting of the board, it has sparked speculation that the Fed may be preparing for some kind of emergency action prior to the...
