Is Congress planning to charge you mortgage insurance even if you put 20 percent down?

By Robert Romano Senate Democrats and Republicans on the Senate Banking Committee have agreed in principle on a plan to unwind the nearly $5 trillion Government Sponsored Enterprises (GSEs) and to, they say, “create a mortgage insurance fund for the system to protect taxpayers against future bailouts.” Under the proposal, S. 1217, supported by the Obama administration, lending institutions will […]

Stop the presses! Fed taper won’t stop its $75 billion a month money-printing

By Robert Romano Stop the presses! Instead of adding $1.02 trillion of treasuries and mortgage bonds to its balance sheet a year, the Federal Reserve has announced starting in January it will just be adding a “mere” $900 billion. For that, headline writers the world over are proclaiming that the long-sought-for recovery is finally at hand. The Washington Post editorial […]

The Fed’s $1 trillion foreign bailout

By Bill Wilson In a recent eye-opening piece by Zerohedge.com, “Thanks to QE Bernanke has injected foreign banks with $1 trillion in cash for the first time ever,” the highly trafficked financial blog notes that as quantitative easing has increased, so have foreign bank cash assets. In fact, since 2009, as the Fed has loaded up on U.S. treasuries and […]

05.01.2013 in Bailouts, Economy, Featured by Robert Romano 4

Cyprus lawmakers finally agree to steal $17.1 billion of savings deposits

By Robert Romano Is anyone, anywhere in the world willing to fight against debt slavery that is encroaching on national sovereignty all over the world? In Cyprus, lawmakers voted to approve a €10 billion ($13.1 billion) loan from the so-called Troika — the European Commission, International Monetary Fund, and the European Central Bank — to bail out Cypriot banks that […]

IMF calls on U.S. to institute $500 billion carbon tax

By Robert Romano The International Monetary Fund (IMF) has called upon the U.S., its largest contributor, to levy a $500 billion a year carbon tax on consumers to offset what it calls “underpriced” oil, coal, and other energy products. This “mispricing” is supposedly leading to “excessive energy consumption,” which is “accelerating the depletion of natural resources” and contributing to climate […]

Will America’s Bank War again realign politics?

By Bill Wilson and Robert Romano It can be said that the present day financial crisis and the broad and sweeping powers the U.S. Federal Reserve has assumed in its wake all share their origins in the very first debates Congress had over the creation of the national debt, the Fed’s precursor, the Bank of the United States, and over […]

03.14.2013 in Bailouts, Economy, Featured by Bill Wilson 11

Obama wants to bet $130 billion on bailing out Europe

By Bill Wilson – Barack Obama wants to double the U.S. quota subscription in the International Monetary Fund (IMF) to $130 billion from its current $65 billion level. This is the foreign aid organization that has been busy bailing out Greece, Portugal, and Ireland with $86.6 billion. U.S. taxpayers have been responsible for about 20 percent of those bailouts, or […]

11.16.2012 in Bailouts, Congress, Economy, House by Rick Manning 2

Cathy McMorris-Rodgers ascension spells trouble for IMF European bailout

By Rick Manning — Republicans in the House of Representatives have chosen as a new chairperson for their Conference, Cathy McMorris-Rodgers from Washington State.  McMorris-Rodgers is now the fourth-ranking Republican in the House. McMorris-Rodgers, who was mentioned as a possible vice presidential choice for Mitt Romney, ascended to the position after receiving the votes of a majority of her colleagues. […]

11.02.2012 in Bailouts, Economy by Bill Wilson 13

Why states like Illinois want a Fed bailout

By Bill Wilson – There can be little wonder as to why bankrupt states like Illinois would love to see the Federal Reserve fire up its printing presses and start buying state and municipal bond debt. At $85 billion — and counting — Illinois has one of the highest unfunded pension liabilities in the nation, reports the state’s budget crisis […]

10.26.2012 in Bailouts, Economy, Featured, Federal Reserve by Bill Wilson 5

The Fed’s coming state and muni bond bailout?

By Bill Wilson – Writing for the New York Times on Oct. 23, Stanford law professors Joseph Grundfest, Mark Lemley and George Triantis call for another round of quantitative easing (QE) — i.e. money-printing — by the Federal Reserve. This time however, instead of buying mortgage-backed securities or U.S. treasuries, the Stanford trio wants Fed head Ben Bernanke to begin […]

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