RSS Feed for U.S. TreasuryCategory: U.S. Treasury

What’s The Big Deal? Everyone’s Doing It! »

That is basically the excuse Rep. Maxine Waters (of ACORN-loving fame) uses for why Rep. Rangel is not going to have any comeuppance for his tax fraud in this article, “Rep. Waters: ‘Many Members’ Suffer From Disclosure Problems Like Rep. Rangel.” Holy smokes.
BONUS look back at Rep. Charlie Rangel. Remember when [...]

How Big a Pay Reform Wave? »

On Friday, detailed compensation plans for the top 25 earners at seven companies — American International Group, Bank of America, Citigroup, Chrysler, Chrysler Financial, General Motors and GMAC — were delivered to the offices of Kenneth Feinberg, the Obama administration’s bailout bonus czar. Why? Because these companies received substantial government funds, and Mr. [...]

What Is Going On With The Economy, Obama?? »

I have some major things going on today, but I did want to touch on the Economy and what has been going on of late. As you may have heard, we have been adding $200 BILLION a MONTH to the Deficit. We are currently bumping up against the $12.1 TRILLION Debt Ceiling as [...]

Obama Playing ‘Four Corners’ Offense in Budgetball »

I thought Barack Obama liked basketball. Lovers of the game coerced the NCAA to utilize a 24-second clock in order to speed the game up, showcase players’ talents, and render the North Carolina ‘four corners’ offense ineffective. What was the basic premise of that offense? Stall tactics.
Well, welcome to the Brave New World of the [...]

Well, That’s ONE Way To Deal With Those Bonuses »

By now, surely you have heard by now that Goldman Sachs, which has gotten a ton of your hard earned dollars, is now rolling in the dough. Oh, yeah, baby - they are handing out some major big bucks to, well, themselves. I am sure MANY of you will appreciate this:
The average Goldman worker [...]

“Justice Is Nothing But Love With Legs.” »

That’s President Serene Jones, of Union Theological Seminary speaking. She continued, “Justice is what love looks like when it takes social form.”
Wow. This is but one of the profound statements made by Dr. Jones throughout the course of Bill Moyers’ “Journal: Faith and Social Justice,” which also included Dr. Cornel West, formerly [...]

Will Russia Add More U.S. Treasurys? “NYET” »

The United States government is very much dependent on foreign investors purchasing U.S. Treasury securities on an ongoing basis. In fact, as our fiscal deficit explodes, it is not an exaggeration to assert that Uncle Sam’s dependence on foreign investment will need to increase.
How interesting that on the day of a $19 billion 10yr Treasury [...]

Thank Heavens There’s ONE Grown-up In The Room… »

That’s what the Germans seem to think of Secretary Clinton, anyway. It seems they are asking her to help deal with the GM mess as it relates to them, according to this article (H/T to Ani for alerting me to this). Why, you might ask? Because it affects them, too, in a big [...]

Obama, GM, And The UAW »

I saw the following video Tuesday morning, and could scarcely believe my eyes:

All The King’s Horses and All The King’s Men . . . »

Can Barack Obama’s horses and men in the persons of Ben Bernanke, Tim Geithner, Larry Summers, Paul Volcker, Rham Emanuel, Sheila Bair, and their minions put Wall Street together again? The glue and putty in the form of trillions of dollars of taxpayer funds and commitments is still wet. Mr. “Humpty Dumpty” Wall Street is [...]

Mum’s the Word »

The movie Goodfellas provides a wealth of material for comparative analysis of the markets. The “insider activity,” the “fooling around,” “the payoffs,” and “the gambling” all make for great drama on the screen. Truth be told, one does not have to look all that hard to find striking similarities to certain activities in the world [...]

Obama’s Economy of Torture »

(This is essential reading that I bumped up - Susan)
Remember when George Bush and Dick Cheney could rely on the many in the media to help them euphemize that dirty word, “torture?” It wasn’t torture, it was “enhanced interrogation.” That’s like calling the amputation of a leg, “enhanced skin removal below the waist.” [...]

DID WALL STREET FLIP OFF TREASURY TODAY??!! »

The U.S. Treasury was heavily involved in the bond market today. How did they do? They bought high and sold low. What happened?
Treasury announced last week that they would engage in buying hundreds of billions of government and mortgage securities in an attempt to move interest rates lower and spark consumer and corporate borrowing. Today, [...]