Paulson Asset Management, LLC So now the Treasury has a massive $700 billion bailout plan on the table. The idea is to create a government agency to deal with bad mortgage related debt, sort of like how the Resolution Trust Corp. (RTC) dealt with $394 billion in assets of failed banks during the S&L...
Filed under: Filed under: Growth Report, Ian Wyatt, short, Fed, Bernanke, Freddie Mac, Fannie Mae, jim rogers, paulson, MLP, AIG, Silverado, PIMCO, Putin, Lincoln, Treasury, Yukos, RTC, Bill Gross
On Monday, in a CNBC Europe interview, Jim Rogers wondered if the US was “…more communist than China .” He was referring to the Fed’s bailout of Freddie Mac and Fannie Mae, and to a lesser extent, the bailout of Bear Stearns back in March. “Socialism for the rich”...
Inflation, The Fisher King and a Solar Stock And to think, investors cheered the Fed’s decision to hold interest rates unchanged. Today, the Producer Price Index, a popular low-ball measure of wholesale inflation, came in twice as hot as expected at 1.2%. That 8.9% rise is the biggest jump since...
Filed under: Filed under: Canadian Solar, FOMC, Fed, inflation, interest rates, Bernanke, PPI, Larrty Kudlow, Richard Fisher, Rogoff, Freddie Mac, Wilbur Ross, IMF, Paul Volcker