Not the final word, but will YOUR totally ignore this guy? ====== By Andrew Huszar Nov. 11, 2013 7:00 p.m. ET I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a... Read more
Archive for the ‘Debt’ Category
Don’t Abandon the Sequester
October 19 | Posted by mrossol | American Thought, Debt, SequesterRepublicans aren’t the dumbest politicians there are, but they’re in the running… Especially if they lose this advantage. ============ The way the budget showdown is going, Democrats may soon require the Republicans to pay ransom before they’ll allow the GOP to reopen the government and raise the debt ceiling. That’s how badly the party’s Ted Cruz faction has messed up the politics... Read more
Detroit Looks to Pay Less to Bondholders
June 16 | Posted by mrossol | American Thought, Big Govt, Debt, Democrat Party, Liberal Press, Party PoliticsWhat a mess. I’m sure George Bush is mostly to blame. Is anyone surprised that most liberal newspapers do not put too much time into this story. Might be inconvenient… ============= By MATTHEW DOLAN, KELLY NOLAN and EMILY GLAZER DETROIT—The city of Detroit told some debtholders on Friday they will have to accept pennies on the dollar or risk getting drawn... Read more
FHA Losses Could Hit $115 Billion
June 5 | Posted by mrossol | American Thought, Debt“They” promised they WILL NOT LET IT HAPPEN, so better grab you pocketbook! ============= By NICK TIMIRAOS The Federal Housing Administration’s projected losses over 30 years could reach as high as $115 billion under a previously undisclosed “stress test” conducted last year to determine how the agency would fare under an extremely severe economic scenario, according to documents reviewed by a congressional committee. The... Read more
