Comments on: What Is The Fed Up To Now? http://logisticsmonster.com/2009/08/26/what-is-the-fed-up-to-now/ Fri, 30 Dec 2011 14:47:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dug http://logisticsmonster.com/2009/08/26/what-is-the-fed-up-to-now/comment-page-1/#comment-24350 Dug Thu, 27 Aug 2009 14:26:58 +0000 http://logisticsmonster.com/?p=8237#comment-24350 And then there's our friends at the FDIC, who yesterday voted to allow private equity firms to buy failing banks. They also changed the reserve requirements for the private buyers. Banks who buy banks only have to keep 5 percent on reserve. The private firms have to keep 10 percent (reduced from an earlier proposal of 15) in reserve. Well, now that's a relief! http://finance.yahoo.com/news/FDIC-eases-rules-for-private-apf-3414679871.html?x=0 FDIC is supposed to release the quarterly numbers today and are expected to have to borrow from the Treasury. The Fed and banking situation just gets more bizarre by the day! And then there’s our friends at the FDIC, who yesterday voted to allow private equity firms to buy failing banks. They also changed the reserve requirements for the private buyers. Banks who buy banks only have to keep 5 percent on reserve. The private firms have to keep 10 percent (reduced from an earlier proposal of 15) in reserve. Well, now that’s a relief!

http://finance.yahoo.com/news/FDIC-eases-rules-for-private-apf-3414679871.html?x=0

FDIC is supposed to release the quarterly numbers today and are expected to have to borrow from the Treasury. The Fed and banking situation just gets more bizarre by the day!

]]> By: Dug http://logisticsmonster.com/2009/08/26/what-is-the-fed-up-to-now/comment-page-1/#comment-24347 Dug Thu, 27 Aug 2009 14:18:58 +0000 http://logisticsmonster.com/?p=8237#comment-24347 I tend to think this has to be more of a message to the new NY Fed chair (from AFL-CIO Union-land) that he needs to persuade Bernanke to do something to improve the employment numbers. The Atlanta Fed chief may be under the mistaken impression that union bosses are concerned about employment. What is of more interest to me is the Fed's stonewalling on releasing data on money given to member banks out of the taxpayer bailout. They are now asking for a stay of execution until they can appeal a recent court ruling: http://www.bloomberg.com/apps/news?pid=20601087&sid=aAOhgVw78e3U I tend to think this has to be more of a message to the new NY Fed chair (from AFL-CIO Union-land) that he needs to persuade Bernanke to do something to improve the employment numbers. The Atlanta Fed chief may be under the mistaken impression that union bosses are concerned about employment.

What is of more interest to me is the Fed’s stonewalling on releasing data on money given to member banks out of the taxpayer bailout. They are now asking for a stay of execution until they can appeal a recent court ruling:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAOhgVw78e3U

]]> By: Grail Guardian http://logisticsmonster.com/2009/08/26/what-is-the-fed-up-to-now/comment-page-1/#comment-24341 Grail Guardian Thu, 27 Aug 2009 13:35:46 +0000 http://logisticsmonster.com/?p=8237#comment-24341 My guess would be Rule #9: <blockquote>RULE 9: "The threat is usually more terrifying than the thing itself." Imagination and ego can dream up many more consequences than any activist. (Perception is reality. Large organizations always prepare a worst-case scenario, something that may be furthest from the activists' minds. The upshot is that the organization will expend enormous time and energy, creating in its own collective mind the direst of conclusions. The possibilities can easily poison the mind and result in demoralization.) </blockquote> My guess would be Rule #9:

RULE 9: “The threat is usually more terrifying than the thing itself.” Imagination and ego can dream up many more consequences than any activist. (Perception is reality. Large organizations always prepare a worst-case scenario, something that may be furthest from the activists’ minds. The upshot is that the organization will expend enormous time and energy, creating in its own collective mind the direst of conclusions. The possibilities can easily poison the mind and result in demoralization.)

]]> By: Kathy http://logisticsmonster.com/2009/08/26/what-is-the-fed-up-to-now/comment-page-1/#comment-24340 Kathy Thu, 27 Aug 2009 13:33:16 +0000 http://logisticsmonster.com/?p=8237#comment-24340 Could it be by admitting how bad the unemployment actually is, they think they will be able to push the health care issue. More people out of work, more people without insurance. Could it be by admitting how bad the unemployment actually is, they think they will be able to push the health care issue.

More people out of work, more people without insurance.

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