Bruce Krasting Fri 2009-09-04 19:39 EDT

On Fed Intervention and the Blogs

Bruce Krasting

A week ago a great debate was stirred in the financial blog world. As is often the case Zero Hedge was in the middle of the fracas. Mr. Durden penned a piece that suggested that the Fed was manipulating the auctions in such a way as to benefit the primary dealers. It got to be a very sophisticated discussion that brought in some thinking from Yves Smith at Naked Capitalism and John Jansen at Across the Curve. The debate is over is far as I am concerned. The Treasury had another successful auction today of the 30 year. But in order to make it a success the Fed bought $27 billion of 15-30 year mortgage paper. The curve is the curve...This is timed intervention. That is a polite way to say manipulation. Federal Reserve manipulating Treasury auctions; quantitative easing.

Blog; Bruce Krasting; Fed intervention.

Zero Hedge Wed 2009-08-26 15:52 EDT

The Goldman VaR Exemption Question Escalates

Tyler Durden

It seems only yesterday that Zero Hedge had some questions in regard to Goldman's VaR Fed exemption. No response was received from 85 Broad. Today it appears several Congressmen, lead by Alan Grayson, are willing to drive a sharp stick pretty deep into the hornets' nest, by sending a letter directly to Wall Street Don Ben Bernanke, demanding an explanation exactly to the question of Goldman's VaR Exemption. Posted 2009-07-27.

Goldman VaR Exemption Question Escalates; Zero Hedge.

Thu 2009-07-23 00:00 EDT

naked capitalism: Guest Post: The White House Threatened To Destroy Perella Weinberg's Reputation

by Tyler Durden, publisher of Zero Hedge

Destroy Perella Weinberg's Reputation; Guest Post; naked capitalism; White House threatened.

Tue 2009-04-21 00:00 EDT

naked capitalism: Guest Post: Some More Thoughts On FDIC And The "Systemic Risk Exception" Clause

Tyler Durden

clause; FDIC; Guest Post; naked capitalism; Systemic Risk Exception; thought.

Tue 2009-04-21 00:00 EDT

naked capitalism: Guest Post: The Banks Were Profitable In January And February Thanks To... AIG

by Tyler Durden; ``phenomenal scam...continues unabated in the financial markets, and now has the full oversight and blessing of the U.S. government, which in turns keeps on duping U.S. taxpayers into believing everything is good''

AIG; bank; February Thanks; Guest Post; January; naked capitalism; profits.

Tue 2009-04-21 00:00 EDT

RGE - The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans

by Tyler Durden; ``quants close out a majority of their intraday positions at the end of each trading day, meaning that the vanilla money is stuck as a hot potato bagholder to what can only be classified as an unprecedented ponzi scheme''

Black Swan; Incredibly shrinking Market liquidity; RGE; Upcoming Black Swan.