Things aren’t going well for Fannie Mae and Freddie Mac. First, the Federal Housing Finance Agency told them to delist from NYSE, and now, the real price tag of fixing the agencies is coming to light. In an interview below, Anthony Sanders, a professor of real estate finance at George Mason University, who was called [...]
We finally got a bit of the volatility we’ve been looking for yesterday, as the markets moved dramatically as the Fed Chief testified before congress. But overnight the Asians had a different opinion and moved the dollar back up. So the currency markets were pretty much like a roller coaster ride, moving dramatically up and [...]
Fed Chairman Ben Bernanke will be chatting up the central bank’s exit strategy later this week when he testifies before the House Financial Services Committee on February 10… Source
It’s another sunny day of Indian summer here in Baltimore… here’s some fitting news: The “audit the Fed” bill is alive and kicking. As we reported earlier this month, Ron Paul’s popular proposal of HR 1207 was gutted by Mel Watt, a congressman firmly tucked in the pocket of the American banking industry. In typical [...]
As I checked the currencies throughout the day yesterday, I noticed that as the day went on, the non-dollar currencies were stronger, led by the Big Dog, euro (EUR)… But then late last night, and I mean late last night, I checked them, and those gains had been wiped out. So, when I arrived here [...]
Congress is getting ready for the next crisis… in their own strange way: The House Financial Services Committee might introduce new “too big to fail” legislation as soon as this week. Led by our “favorite” representative Barney Frank, rumor has it that the new regulations would, in the words of the N.Y. Times, “make it [...]
