Feb 27 2012

The kamikaze debt market deleveraging– Total credit market debt balloons to $53 trillion while US households pushed to deleverage. While American household debt has fallen by $569 billion total credit market debt is up $3 trillion.

When it comes to taking the bitter austerity medicine not all participants are shouldering the burden when it comes to the financial market bailouts.  The American worker and family have largely been in a massive round of deleveraging from an overhang of debt.  The data shows us this with household market debt falling by $569 […]

Feb 6 2012

Federal Reserve continues shadow bailout of banking industry – $947 billion of overpaid and low demand mortgage backed securities sit on the massive $2.8 trillion Fed balance sheet. The price of this hidden bailout will hit all Americans.

The Federal Reserve continues a secretive bailout of the banking system by purchasing more and more questionable mortgage backed securities.  You would think that $1 trillion would catch the attention of the media but they seemed focus on other trivial items.  The Fed balance sheet is still at record levels above $2.8 trillion to be […]

Oct 17 2011

The chastisement of the American saver – Federal Reserve offers a higher interest rate to banking reserves than too big to fail banks offer American savers.

Americans are facing a banking system that is largely designed to go against their best economic interest.  Even a decade ago people were able to find a savings account or a certificate of deposit that would keep up with the rate of inflation.  Today, most typical savings accounts at too big to fail banks offer […]

Oct 6 2011

How investment banks turned housing and student loans into a toxic and financial disaster – Middle class largest asset coopted by banking sector to raid and speculate on. Financial sector nearly 30 percent of all corporate profits in U.S. In the 1950s it was under 10 percent.

Most Americans pull their net worth from their investment in good old housing.  It is the biggest purchase most will ever make.  And because of this, after the Great Depression, housing was a boring yet stable investment class.  It had to be.  This is the cornerstone of wealth for most Americans.  Banks used to do […]

Jul 29 2011

No debt ceiling for the Federal Reserve and too big to fail banks – The double standard of American banking and opaque Federal Reserve policy.

While the American public is staring at a government that is more like an improv act in Chicago, the banking system continues to hide toxic assets from the view of the public.  An odd economic dance is taking place.  While the public is being beaten over the head about spending within its limits we have […]

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