I was trying to avoid mentioning this, partially because I half-suspected it was deliberately over the top, and I’m not reading tone well these days. After all: Virtually every BHC has elected to become an FHC. Under 12 U.S.C. § 1843(k)(4)(H), FHCs are allowed to make “merchant banking investments” in nonfinancial companies, on a principal […]

by Rebecca Wilder There is always an agenda when a central banker declares the recession is over – and Bernanke is no different. The following facts remain: US GDP contracted at a 1% annualized pace in the second quarter of 2009 (its fourth consecutive drop), industrial output grew just two consecutive months after declining every […]

by divorced one like Bush Via Glenn Greenwald and his article The war being waged on the TARP watchdog’s independence comes an interview with Neil Barofsky the man charged with over seeing TARP. It appears the White House is not keeping true to the President’s campaign of a more transparent government. …the Obama administration is […]

by divorced one like Bush So, they want a loan…