All Posts Tagged With: "Treasury Department"
The Treasury Department is Choking on Debt, But You Don’t Have To
The U.S. Treasury Department announced Nov. 3 that it intended to borrow a record $550 billion in the fourth quarter. That represents a staggering $408 billion increase over Treasury’s borrowing estimate from early August and includes $260 billion for the…
7Nov2008 | Money Morning | 0 comments | ContinuedWhen will stock market selling end?
All year long, as I guided my subscribers into the intermediate-term rallies and then the subsequent corrections, I said in these columns that the rallies would be worth going after but should be sold into as they failed, and downside…
15Oct2008 | Street Smart Report | 0 comments | ContinuedMoney Markets: How Safe Is Your Cash?
Last week investors panicked. You can’t really blame them considering the state stocks and money markets were in:
-A 158-year-old investment bank failed.
-The nation’s largest brokerage rushed into the arms of Bank of America to stave off a similar fate.
-The world’s…
25Sep2008 | Investment U | 0 comments | ContinuedFed Steps in and Bails Out AIG to the Tune of $85 Billion in Taxpayer Funds
In a stunning reversal, the U.S. Federal Reserve offered American International Group Inc. (AIG) access to $85 billion in exchange for a 79.9% stake in the largest domestic insurer.
After AIG shares were violently whipsawed in the market, first on reports…
18Sep2008 | Money Morning | 0 comments | ContinuedInside Wall Street: Why Hocus-Pocus Accounting Will Perpetuate the Capital Markets Credit Crisis
I once asked my friend – world-famous magician Lance Burton – if he could show me how he did a particular trick.
“Can you keep a secret?” he asked.
“Of course,” I replied.
“So can I,” he said.
The point is that the U.S.…
10Sep2008 | Money Morning | 0 comments | ContinuedCracks in the Monetary Facade
We are writing today from the annual Agora Financial Investment Symposium in Vancouver, British Columbia. Your editors are currently traveling from Europe to Canada and finishing the companion book to I.O.U.S.A., respectively, so today’s missive will be shorter than usual.
The…
22Jul2008 | Daily Reckoning | 0 comments | ContinuedAs Treasury’s Paulson Prescribes Bailout for Fannie Mae and Freddie Mac, Guru Jim Rogers Predicts an “Unmitigated Disaster”
Standing on the steps of the U.S. Treasury building across the street from the White House, Treasury Secretary Henry Paulson asked Congress for the power to prop up Fannie Mae (FNM) and Freddie Mac (FRE), the two failing mortgage giants involved with nearly…
15Jul2008 | Money Morning | 0 comments | ContinuedThe Treasury Proposes More Alphabet Agencies
While the Treasury Department’s proposals for overhauling regulatory oversight of the financial industry have been in preparation almost since the day Secretary Paulson assumed office, their release at this time almost certainly is a reflection of the realities and massive…
31Mar2008 | William Kurtz | 0 comments | Continued
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