Quantitative Easing Dance of Doom?
Rob Peter to pay Paul and The taxpayers is Peter! The Congress is just the boot licker for The Federal Reserve and most are clueless or in on the scheme of fleecing the public out of their life savings and entitlements which does not include social security which is a paid in trust-fund but in reality is ponzi scheme soon to run out of funding especially the disability fund.
serf
http://www.nationofchange.org/2015/03/18/the-volatility-quantitative-easing-dance-of-doom/
Federal Reserve Chair, Janet Yellen recently chastised these bankers. This, while the Fed has become their largest client and the world's biggest hedge fund. While she wags her finger, the Fed is paying JPM Chase to manage the $1.7 trillion portfolio of mortgage-related assets that it purchased from the largest banks. In other words, somewhere along the line, the public is both paying to buy nefarious assets from the big banks at full value, thereby supporting an artificially higher price and demand for these and similar assets,and paying the nation's largest bank for managing them on behalf of the Fed. Yellen says things like "poor values may undermine bank safety" and all of a sudden she's on an anti-bank rampage? What about the fact that just six banks control 97% of all trading assets in the US banking system and 95% of derivatives? Or that 30 banks control 40% of lending and 52% of assets worldwide?
serf
http://www.nationofchange.org/2015/03/18/the-volatility-quantitative-easing-dance-of-doom/
Federal Reserve Chair, Janet Yellen recently chastised these bankers. This, while the Fed has become their largest client and the world's biggest hedge fund. While she wags her finger, the Fed is paying JPM Chase to manage the $1.7 trillion portfolio of mortgage-related assets that it purchased from the largest banks. In other words, somewhere along the line, the public is both paying to buy nefarious assets from the big banks at full value, thereby supporting an artificially higher price and demand for these and similar assets,and paying the nation's largest bank for managing them on behalf of the Fed. Yellen says things like "poor values may undermine bank safety" and all of a sudden she's on an anti-bank rampage? What about the fact that just six banks control 97% of all trading assets in the US banking system and 95% of derivatives? Or that 30 banks control 40% of lending and 52% of assets worldwide?
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Ain't a whole lot we can do about it; the die is cast. 0 -
quote:Originally posted by bpost
Ain't a whole lot we can do about it; the die is cast.
Yep more reason to see the coming collapse of Banks everywhere!
serf
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11490796/The-worlds-next-credit-crunch-could-make-2008-look-like-a-hiccup.html
Bank A sells insurance to Bank B. But then Bank A gets into financial difficulties (a significant deterioration in their creditworthiness would be enough) and suddenly Bank B isn't as well protected as it thought it was.
Indeed, Bank A might start struggling precisely because of the insurance it has sold to Bank B. What if it can't honour the contract? This creates a potential Catch-22 situation: the derivatives work as long as they're not needed; calling them into action renders them useless.
It doesn't take a soothsayer to foretell that taxpayers would, yet again, have to clean up the mess.0
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