Category: Credit Crisis Bailouts
The analysis published under this category are as follows.
Thursday, October 09, 2008
U.S. Treasury To Take Ownership Stake In Banks / Stock-Markets / Credit Crisis Bailouts
By: Mike_Shedlock
The Fed and Treasury are perplexed. Liquidity schemes like the TAF, PDCF, TSLF, TARP, ABCPMMMFLF, and the CFFF did not help stimulate bank. Liquidity measures cannot solve the crisis or stimulate lending for reasons stated in Pushing on a String In Academic Wonderland and Thoughts On The Commercial Paper Funding Facility .
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Thursday, October 09, 2008
Keyser Soze Heists Main Street Out of $700 Billion / News_Letter / Credit Crisis Bailouts
By: NewsLetter
October 5th , 2008 Issue #31 Vol. 2The greatest heist in history took place on Friday when congress was CONNED into signing away $700 billion accompanied by SOME $120 billion of pork.
The Usual Suspects, Paulson, Bernanke and Cox (the Chair of SEC) over the last 10 days have proceeded to spin their verbal scare story to both the Democrats and Republicans into joining forces to hand over a ransom of $700 billion in the form of a blank check to the aid bankrupt banks to off load losses onto the US tax payer.
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Wednesday, October 08, 2008
Congress Risked Financial Collapse to Charge Commission / Politics / Credit Crisis Bailouts
By: John_Browne
Faced with an imminent financial meltdown and a looming depression, one might have expected Congress, inspired with a rush of patriotism, to have stepped vigorously to the plate to pass Paulson's rescue package without delay. Read full article... Read full article...
Wednesday, October 08, 2008
Emergency Economic Stabilization Act Fleeces America to Reward Criminal Bankers / Politics / Credit Crisis Bailouts
By: Stephen_Lendman
Over 200 years ago, Thomas Paine wrote a treatise on government in which he said "a republic is supposed to be directed by certain fundamental principles of right and justice, from which there cannot, because there ought not to, be any deviation. (It) is executed by a select number of persons, who act as representatives, and in behalf of the whole, and who are supposed to (govern) as the people would do were they all assembled together.... Read full article... Read full article...
Wednesday, October 08, 2008
Interest Rate Cuts, Recapitalisation's, Japanese Yen becomes Hard Currency / Currencies / Credit Crisis Bailouts
By: Axel_Merk
Europe was all but written off on Tuesday when Gordon Brown, the UK prime minister announced late in the day that £50 billion (about $85 billion) may be injected into several of the biggest banks. The details known so far are that eligible banks can issue preference shares to the government; the Bank of England makes another £200 billion of liquidity available in the short-term markets; and a further £250 billion of government guarantees are issued to help banks in their funding needs. We have been arguing that recapitalizing banks is the most effective way to support financial institutions ( see our analysis of the $700 billion bailout package ). Read full article... Read full article...
Wednesday, October 08, 2008
UK Government Acts To Prevent Collapse Of Banking System / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Bloomberg is reporting U.K. to Inject About $87 Billion in Country's Banks .
Prime Minister Gordon Brown's government will invest about 50 billion pounds ($87 billion) in an unprecedented step to prevent a collapse of the U.K. banking system.
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Monday, October 06, 2008
Bailout Plan Continuation of a Corrupt Banking System / Stock-Markets / Credit Crisis Bailouts
By: Mick_Phoenix
Welcome to the Weekly Report. A couple of weeks ago one of my subscribers asked me this question: "Does your scenario change of how you think things will play out i.e. bubble, easy money, inflation in fiat money supply, inflation in commodities and hard assets, inflation, fear of inflation, rising rates, YC inverting, flattening, rising and inverting again, tightening, withdrawal of liquidity, corrections, crashes, talk of stagflation, FEAR, withdrawal of speculative funds, further corrections and crashes, demand collapse.......Deflation. Read full article... Read full article...
Monday, October 06, 2008
The Big Bailout of 2008 Will FAIL to Rescue Crashing Financial Markets / Stock-Markets / Credit Crisis Bailouts
By: Michael_J_Kosares
The chickens come home to roost - You get a sense that America's chickens have come home to roost. Instead of learning from our past mistakes though, as the idiom above is meant to suggest, the nation appears intent on compounding them. The Great American Bailout of 2008 is simply more of the same -- more debt, more easy money, more moral hazard, more taxpayer responsibility, and more government intervention. Quite literally, the government has once again applied a band aid, papered the problem over and delayed once more what will certainly be an even worse day of reckoning. Yes, the chickens have come home to roost, but for all the roosting all we have gotten is more chickens. Read full article... Read full article...
Monday, October 06, 2008
Bailout Bill Will Do Nothing for the Real Economy / Interest-Rates / Credit Crisis Bailouts
By: Michael_Swanson
We are on the edge of pure fear and panic when it comes to the stock market. By just about every indicator you may use to measure the market it is extremely oversold and ready for a bottom. The number of stocks below their 20, 50, and 200 day moving averages are at extremely low levels not seen in decades. The ratio of down to up volume on the Nasdaq was over 95% two days last week, hitting 97% last Monday, which is a level I've never seen before. The VIX is above 40 and has been at an elevated level for the past three weeks. According to the Investors Intelligence Survey there are more bears than bulls in the market, which is a positive from a contrarian standpoint. Read full article... Read full article...
Sunday, October 05, 2008
Keyser Soze Heists Main Street Out of $700 Billion / Politics / Credit Crisis Bailouts
By: Nadeem_Walayat
The greatest heist in history took place on Friday when congress was CONNED into signing away $700 billion accompanied by SOME $120 billion of pork.
The Usual Suspects, Paulson, Bernanke and Cox (the Chair of SEC) over the last 10 days have proceeded to spin their verbal scare story to both the Democrats and Republicans into joining forces to hand over a ransom of $700 billion in the form of a blank check to the aid bankrupt banks to off load losses onto the US tax payer.
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Saturday, October 04, 2008
US Government Ramps Up the Money Printing Presses / Interest-Rates / Credit Crisis Bailouts
By: Money_Morning
Keith Fitz-Gerald writes: After some of the most tumultuous trading in history - not to mention the most pathetic political posturing we've ever seen - my e-mail box has overflowed with questions, comments and suggestions.
This week, I want to answer one of the most frequently asked questions that I've received: "Where does all the bailout money come from?"
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Friday, October 03, 2008
Bailout Bill Passed, What Happens Next, Inflation or Deflation? / Economics / Credit Crisis Bailouts
By: Mike_Shedlock
Congress passed a $700 billion bailout package today. It was a total and complete waste of $700 billion. It further depletes the pool of real funding. Yes, the Fed has started a monetary printing campaign. Yes, the SEC will suspend mark to market accounting. So what happens now?
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Friday, October 03, 2008
Bailout Plan WIll Fail due to Flawed Understanding of the Financial Crisis / Politics / Credit Crisis Bailouts
By: Peter_Schiff
We are being told loudly and repeatedly that the gargantuan mortgage bail-out package is necessary because illiquid mortgage-backed securities are clogging our financial arteries, threatening the economic equivalent of cardiac arrest. The idea of the plan is to transfer these supposedly valuable, but currently unmarketable, assets to the government so that private institutions can freely lend once more. The monumental flaw in this argument is that the mortgage backed securities are in fact highly liquid, just not at the prices the owners would like to receive.
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Friday, October 03, 2008
Bailout Plan Bullish for Stock Market? What Happens Next? / Stock-Markets / Credit Crisis Bailouts
By: Prieur_du_Plessis
One major international bank after the other is collapsing and is either being nationalized or sold off in sections. Although passed by the US Senate, the House of Representatives has yet to approve a bail-out plan for beleaguered banks.
Globally there is a sudden shortage of US dollars in money markets. Central banks of major powers are injecting enormous amounts of money into money-market systems worldwide.
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Thursday, October 02, 2008
France, Germany Clash Over Proposal to Bailout European Banks / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Tensions are building up in the Eurozone as France, Germany Tensions are building up in the Eurozone as France, Germany Clash Over Proposal to Bail Out Banks .France and Germany clashed over whether to create a fund to bail out banks pounded by the global credit crunch, kicking off a European version of the debate that has been raging in the U.S. for two weeks.
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Thursday, October 02, 2008
Senate Bailout Bill Will Fail US Taxpayers / Politics / Credit Crisis Bailouts
By: Money_Morning
Shah Gilani writes: My sister lives in a landmark building in Coral Gables, Fla. There was a fire in one apartment in the building. After that fire was brought under control, the fire department - for some unknown reason - dropped a hose in the burned apartment, and left the water running … for hours.
That inane maneuver destroyed many apartments, crippled the building's infrastructure and resulted in the building being temporarily condemned. The entire building was closed down for many months. Every person who lived there had to relocate. My sister, fortunately, had the wherewithal to take up temporary residence in the world-famous Biltmore Hotel .
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Thursday, October 02, 2008
$700 Billion Bailout the Largest US Tax Hike in History / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The following image was used by my friend Charles Goyette whose talk show I was on every Wednesday for several months. Charles left for personal reasons and I miss him. Rumor has it he is working on a new deal and I certainly wish him the best of luck. Read full article... Read full article...
Thursday, October 02, 2008
Bailout Bill Marks the End of America as We Know It? / Politics / Credit Crisis Bailouts
By: Richard_C_Cook
OCTOBER 1, 2008—Tonight the Senate passed the $700 billion Wall Street bailout bill by a vote of 74-25. This follows the rejection of the bill by the House on Monday. In an MSNBC poll, 62 percent of Americans oppose the giveaway, but the lobbyists are doing everything possible to assure the rejection is overturned. According to Bob Borosage, co-director of The Campaign for America 's Future, House leaders “are bringing in the small business lobby and the banking lobby to buy the twelve Republican votes they need.” Read full article... Read full article...
Wednesday, October 01, 2008
Global Deposit Bank Warfare, Governments Compete for the Biggest Bailout / Interest-Rates / Credit Crisis Bailouts
By: Adrian_Ash
"...Seven-hundred billion here, $560 billion there, and pretty soon you're talking deposit-bank warfare in the battle to recapitalize financial firms..."
WELL, IT SURE BEATS trying to secure an inter-bank loan or raising cash from the stock market right now.
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Wednesday, October 01, 2008
Europe Puts Pressure on Bush to Pass Bailout Plan / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
Bloomberg is reporting Trichet Says U.S. Must Pass Plan to Rescue `Global Finance'European Central Bank President Jean- Claude Trichet said U.S. lawmakers must pass a $700 billion rescue package for banks to shore up confidence in the global financial system.
"It has to go, for the sake of the U.S. and for the sake of global finance," Trichet said in an interview in Frankfurt with Bloomberg Television late yesterday. "I am confident, but of course it is the decision of the U.S. Congress."
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