Bank of England May Provide Liquidity to Fed

April 6, 2009 at 2:47 pm | Posted in Uncategorized | Comments Off on Bank of England May Provide Liquidity to Fed
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Bank of England May Provide Liquidity to Fed: “The Bank of England said Monday that it is ready to provide sterling liquidity to the U.S. Federal Reserve if necessary through a temporary currency swap arrangement.”

Why does this news make me uneasy?

Hmmm… Citigroup bonds have value?

March 10, 2009 at 8:03 pm | Posted in Uncategorized | Comments Off on Hmmm… Citigroup bonds have value?
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Hmmm… Citigroup bonds have value? “Graybill says Citi’s short-term senior debt—bonds maturing in three years or less—is a safer bet because the government won’t let the company default.

Exactly what conservatives don’t like about this deal.

FBI Finds Alleged Scammer Stanford

February 19, 2009 at 3:36 pm | Posted in Uncategorized | Comments Off on FBI Finds Alleged Scammer Stanford
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FBI Finds Alleged Scammer Stanford: “The billionaire banker accused of scamming $8 billion, R. Allen Stanford, was located by FBI officials today and served with civil papers by the SEC, putting an end to a nationwide search.”

Mafia Injecting Cash Into Desperate Banks

February 10, 2009 at 10:40 am | Posted in Uncategorized | Comments Off on Mafia Injecting Cash Into Desperate Banks
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Mafia Injecting Cash Into Desperate Banks: Cash-rich Mafia groups have been channelling funds into banks desperate to survive the global credit crisis, the UN anti-crime chief said on Monday.

Groveling Before the Fed

February 10, 2009 at 10:38 am | Posted in Uncategorized | Comments Off on Groveling Before the Fed
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Groveling Before the Fed: We’ve seen money go out the back door of this government unlike any time in the history of our country,’ Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3.

Banks May Need $2 Trillion Bailout

February 10, 2009 at 10:15 am | Posted in Uncategorized | Comments Off on Banks May Need $2 Trillion Bailout
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Banks May Need $2 Trillion Bailout: “I want to be candid: this strategy will cost money, involve risk, and take time,” Geithner said today.

When the Financial World Almost Stopped

February 9, 2009 at 11:06 pm | Posted in Uncategorized | Comments Off on When the Financial World Almost Stopped
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When the Financial World Almost Stopped: “We were having an electronic run on the banks. They decided to close the operation… If they had not done that, their estimation is that… within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.”

Very scary, indeed. When will the next crisis occur, and how long will it take before we all find out?

Holding Bank CEOs Accountable

February 9, 2009 at 11:00 pm | Posted in Uncategorized | Comments Off on Holding Bank CEOs Accountable
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Holding Bank CEOs Accountable: What they need to tell us.

Bailed Out Banks Try Public Relations

February 3, 2009 at 1:29 pm | Posted in Uncategorized | Comments Off on Bailed Out Banks Try Public Relations
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Bailed Out Banks Try Public Relations: “Several recipients of government bailout money have recently put out flowery press releases, and in one case, even an advertisement, about their efforts to save the economy.

UK May Create “Bad Bank”

February 3, 2009 at 1:28 pm | Posted in Uncategorized | Comments Off on UK May Create “Bad Bank”
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UK May Create “Bad Bank”: “Chancellor of the Exchequer Alistair Darling said the British government remains open to creating a “bad bank” to buy toxic assets held by banks.

Ironic, isn’t it? Create one central bad bank to absorb all of the bad assets out there. What happens when it implodes/explodes?

Bank of America Fleeces Taxpayers

January 19, 2009 at 12:47 am | Posted in Uncategorized | Comments Off on Bank of America Fleeces Taxpayers
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Bank of America Fleeces Taxpayers: “Bank of America bought Merrill Lynch for $50B in September, but the deal was not finalized until January 1, 2009 by which time Merrill’s meltdown had significantly heated up. Any CEO worth his salt would have dumped the deal, but Lewis clung to it.

Citi Swallows At-Risk Mortgages

January 9, 2009 at 7:56 pm | Posted in Uncategorized | Comments Off on Citi Swallows At-Risk Mortgages
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Citi Swallows At-Risk Mortgages: “In a desperate attempt to keep the ponzi stream open Citi agreed to to have court ordered regurgitated mortgages for dinner and they even prented to like it.”

Growing List of Banks Scammed By Madoff

December 16, 2008 at 8:46 pm | Posted in Uncategorized | Comments Off on Growing List of Banks Scammed By Madoff
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Growing List of Banks Scammed By Madoff: “Britain’s HSBC Holdings Plc was the latest bank to join the growing list, saying it had exposure of around $1 billion, making it one of the biggest victims of the alleged $50 billion fraud.”

Those British banks must be getting tired of falling victim to Wall Street’s shenanigans.

Republic Windows situation a precursor to martial law?

December 11, 2008 at 4:09 pm | Posted in Uncategorized | Comments Off on Republic Windows situation a precursor to martial law?
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Republic Windows situation a precursor to martial law?

“What better use of taxpayer dollars (next to billionaire well fare) than to turn taxpayer money into a weapon against tax payers.”

ILLINOIS THREATENS BANK

December 8, 2008 at 1:58 pm | Posted in Uncategorized | Comments Off on ILLINOIS THREATENS BANK
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ILLINOIS THREATENS BANK: “…will no longer do business with Bank of America until the bank restores credit to the shuttered factory…”

BANKS MAY WITHDRAW CREDIT CARD LINES

December 1, 2008 at 2:13 pm | Posted in Uncategorized | Comments Off on BANKS MAY WITHDRAW CREDIT CARD LINES
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BANKS MAY WITHDRAW CREDIT CARD LINES: May pull back $2 trillion according to analysts.

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