Tue 2008-03-11 00:00 EDT
Fed Topic in The Credit Debacle Catalog
Tue 2008-03-11 00:00 EDT
naked capitalism: Fed to the Rescue of Fannie and Freddie
Fri 2008-02-22 00:00 EST
Between The Lines > Inside Bernanke's Brain - The Fed's Response To The Crisis
Between The Lines > Inside Bernanke's Brain - The Fed's Response To The Crisis, by Aaron Krowne; "Fed doesnt actually control rates, at least not directly. It only sets a TARGET"; "in times of great distress (as now), the rates can get away from the Feds grasp, and it becomes important to distinguish. Specifically, if the Fed were to try to force the funds rate up to the 4.5% target while they were naturally trading around 3%, they would actually have to WITHDRAW liquidity from the system, causing a catastrophic deflationary spiral."
Tue 2008-02-12 00:00 EST
The Wall Street Examiner >> Fed Eunuchs Reveal True Selves In Technicolor
by Lee Adler; "Fed has aggressively collapsed the size of the System Open Market Account...to withdraw billions of dollars of what is, in essence, margin buying power from the trading accounts of the Primary Dealers"
Feds Eunuchs Reveals True Selves; Technicolor; Wall Street Examiner.
Tue 2008-02-12 00:00 EST
Market Ticker: The Most Important Ticker You Will Read This Year - UPDATED
Market Ticker: The Most Important Ticker You Will Read This Year; "Fed has been aggressively draining the SOMA account, with the pace of that drainage stepping up precipitously since December"
Sun 2007-12-23 00:00 EST
Bear In Mind > Was George Stephanopoulos lying about the PPT?
Bear In Mind > Was George Stephanopoulos lying about the PPT? plunge protection team created by Fed in 1989; cf. Sprott "The Visible Hand" pdf
Mon 2007-12-17 00:00 EST
Minyanville -
Minyan Mailbag: Deflation, The Fed and Control, by Mr. Practical; "all roads lead to a devastating deflation in the US", credit deflation bullish for USD
Thu 2007-12-13 00:00 EST
Mish's Global Economic Trend Analysis: Fed's Auction Scam
"plan does nothing to address capital impairment"
Thu 2007-12-13 00:00 EST
Minyanville -
The Fed's New Auction System, by Mr Practical (Minyanville): "if the Fed is willing to pervert its balance sheet...the dollar will fall"
Thu 2007-12-13 00:00 EST
Minyanville -
The Fed's Magic Tricks, by Mr Practical, Minyanville; watching discount rate; "banking system is seized up"
Thu 2007-12-13 00:00 EST
Money Matters: G7 Dwarves Try To Increase Debts
by Elaine Meinel Supkis; Fed auction plan; saving system collapsed; "these tax cheats...will work with our government to continue the destruction of America"
Tue 2007-12-04 00:00 EST
Mish's Global Economic Trend Analysis: Deflationary Credit Downturn Is Underway
LIBOR 75 bp over Fed funds; plunging yields across curve implies more rate cuts
Deflationary Credit Downturn; Mish's Global Economic Trend Analysis; underway.
Sun 2007-11-25 00:00 EST
Mish's Global Economic Trend Analysis: Liquidity Pump Runs Dry
Fed moves irrelevant as banking system collapses; "Slashing rates to 1% was what created this mess. Cutting them to 1% again can hardly be the solution."
Liquidity Pump Runs Dry; Mish's Global Economic Trend Analysis.