A Compelling Dosey-Doe | Time to move the burden from the taxpayer to the culprit

Interesting concept... from last week's Business Week:

"Blinder thinks the Fed is being "a little too passive."
 
He wants the Fed to cut to zero the rate it pays banks on the excess reserves it holds for them. That would remove banks' incentive to park money with the Fed. Even better, says Blinder, the Fed could effectively charge banks for holding their reserves by paying a negative interest rate. 

 More likely is that Bernanke will keep short-term interest rates, now around 0.25 percent, at that low level for even longer. "It is becoming increasingly likely that the Fed will be on hold until 2013," says Perli. 

What Now, Ben Bernanke?

Too Big to Fail | The Movie...

HBO pulls off a simplification that Saints Paulson inappropriately, but actually does a relatively good job of distilling Sorkin's masterful epic of investigative reporting into something the average American might be able to understand... In a 'nut shell' the 'shit' hit the fan. The Government grasped for straws, and this was the result. And, if you're keeping score the hits keep coming.



Watch in its entirety HERE:

http://www.letmewatchthis.ch/watch-2723367-Too-Big-to-Fail

Official SITE:

http://www.hbo.com/movies/too-big-to-fail/inside/video/video/trailer.html#/movies/too-big-to-fail/index.html

Tracking U.S. Monthly Unemployment

 

http://www.npr.org/2011/06/03/99136097/tracking-u-s-monthly-unemployment

 

Nothing to see, move along... they passed the 'stress test'... Banks ripped US off, news? Verification or Vindication? Remains to be seen.

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers

http://www.huffingtonpost.com/2011/05/16/foreclosure-fraud-audit-false-claims-act_n_862686.html

"The False Claims Act allows the government to recover damages worth three times the actual harm plus additional penalties."

Double Dip in Housing, Could Double Dip Recession Be Next?

Double Dip in Housing, Could Double Dip Recession Be Next?

Excellent illustration of Buyer Power.


Forbes