by Christopher Rupe
In: Finance
17 Jun 2010It’s been about 2 months since the Federal Reserve has released its minutes from the March 16 FOMC meeting. Most of the content within the minutes was pretty mundane however, there was one section dealing with various “exit strategies” typically referred to as “reserve draining tools” that really made me sit up and take notice:
The [...]
In: Finance
5 Apr 2010This image is from the NYTimes:
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As the image indicates, higher long term interest rates are indicated by this need to roll over some of this short term debt. The Treasury must also issue an additional 1.5Trillion dollars in NEW borrowing this year. This massive demand of government borrowing will also push interest rates up. Indeed, [...]
In: Finance
3 Apr 2010Recently, the Federal Reserve gave everyone a peek inside the bag. Specifically, they disclosed the contents of much of the Maiden Lane off-balance sheet entities they created to absorb some of the toxic debt and provide financing (read bailout) for propping of AIG and also JPMorganChase’s buyout of Bear Stearns among other things.
The following Bloomberg [...]
In: Finance
29 Mar 2010Recently, I shared this graph with Nathan Martin and he has since made it famous. It has been showing up on dozens of other blogs (here, here, here, here, here, here, here, here for example) and there are continuing questions as to the source of the data as well as the methodology used to calculate [...]
Hank Paulson, the former CEO of Goldman Sachs and Treasury Secretary for the Bush administration gives some interesting information about his experience during last years financial collapse here.
Henry Paulson, the former U.S. Treasury Department secretary, just said in a CNBC interview that in the midst of the Lehman Brothers collapse he had no idea what [...]