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The Fed called a mulligan

…standard easing policies; however, the Fed got the Treasury to aid in its sterilization efforts, and later the Fed fast-tracked the interest on reserves (IOR) program (originally set for an…

The Vanishing Surplus-Revealed

…balance of $2.7 billion and a Trust Fund ratio of 17 meaning 62 days of reserves. OAS had at that point in time had a balance of $22 billion and…

Social Security: Simple story vs. myth busting

…target Short Term and Long Term Actuarial Balance which is defined as having one year of reserves projected for the next 10 years or 75 years respectively. This is expressed…

Larger, greater than expected…Declines

by Divorced one like Bush US Initial jobless claims decline larger than expected in May 31 week (6/5/08) Mortgage finance giant suffers much larger-than-expected loss due to reserves for credit…