All Posts Tagged With: "Federal Reserve Bank"

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Daily Reckoning Reader Mail…

I am an Aussie battler with very little schooling in economics.

Thank you for an alternate view on financial investments. Following the free advice presented on your site over the last 18 months I am reaping the benefits.

October 26th, 2009 | Dan Denning | 5 comments | Continued
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Fed Announced it Would Buy up to $300 Billion in Treasury Bonds

Stock action on Wall Street was mostly directionless. Stocks have opened lower here in Australia. But all the juicy action is in the bond market, where the Fed is getting its hands dirty again. You wouldn’t think the Fed would have to come in and support bond prices with investors wringing their hands about global growth. But the numbers tell another story.

July 7th, 2009 | Dan Denning | 4 comments | Continued
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America’s Debt Woes

Mr. Timothy Geithner was the man who was on watch when the ship ran aground. His job, as head of the Federal Reserve Bank of New York, was to keep an eye on Wall Street. Now, he’s come forward with a new $1 trillion plan to get the boat back on the water.

March 30th, 2009 | Bill Bonner | 5 comments | Continued
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Fed’s Latest Line of Attack on the Credit Crisis is Inflationary

Bear Stearns was on the receiving end of an indirect loan from the Federal Reserve on Friday. Though Bear is the fifth-largest securities firm in the U.S. (and the ninth largest bank in the world), it’s an investment bank, not a commercial lender. The Fed can’t loan directly to investment banks, so the loan had to be routed through a willing third-party, in this case JP Morgan. It turns out that last week’s big US$200 billion loan facility was probably set up to make this three-way transaction possible.

March 17th, 2008 | Dan Denning | 4 comments | Continued
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