Thu 2009-05-07 00:00 EDT
``Fractional Reserve Lending (FRL)...in conjunction with micro-mismanagement of interest rates by the Fed is the root cause of the financial crisis''; ``FRL is the enabler for credit bubbles. Given enough time, credit bubbles are guaranteed to implode in deflationary fashion.'' austrian economic libertarian critique
Case; Fed; fractional reserves lending; Mish's Global Economic Trend Analysis.
Wed 2009-04-01 00:00 EDT
ex-fed governer Susan Schmidt Bies ``expressed regret at not acting to raise interest rates faster or doing more to strengthen mortgage underwriting''
Fri 2009-01-16 00:00 EST
Jesse's Café Américain: Chicago Fed Says Take Interest Rates "Below Zero" and Monetize Debt (to Devalue Dollar); quantitative easing
Chicago Fed Says Take Interest Rates; devalued dollar; Jesse's Café Américain; Monetize Debt; zero.
Tue 2008-10-07 00:00 EDT
(Washington Post); ``Low interest rates, easy money and malleable accounting rules are what plunged Wall Street into crisis. Yet it is low interest rates, easy money and malleable accounting rules that top the list of federal fixes''
Wed 2008-05-28 00:00 EDT
by The Federal Reserve Bank of San Francisco; real short-term interest rates should consider actual inflation relative to Fed target, economic activity relative to "full employment", and short-term rate considered consistent with full employment
Fri 2008-04-18 00:00 EDT
"all central bankers are guessing, and not just on interest rate policy either...no one has consistently guessed wrong more often than the Fed and Bank of Japan"
Central Bankers Guessing; Mish's Global Economic Trend Analysis.
Thu 2007-12-27 00:00 EST
negative interest rates reinforce depression, benefiting only huge exporters
bank; Japan data; money matters; swoop; Time.
Tue 2007-12-11 00:00 EST
by Sean Olender
avert suits; Bankers pay lip service; family; fraud; freeze; interest-rate; mortgage meltdown; prisoners; real story; scurrying.
