VIDEO – DEBT CEILING DEBATE – RICK SANTELLI
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Banking
REGULATING THE NATION INTO A DEPRESSION
June 15, 2011 “Brother, Can You Spare a Regulation?” By Tony Blankley Last week, in a much-discussed, open, live, televised forum, Jamie Dimon, the CEO of JPMorgan Chase, asked Federal Reserve Chairman Ben Bernanke the $64 trillion question. While most commentators focused on the apt question, it was Bernanke’s answer that shocked me when I
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OBAMA QUOTE ON THE DEBT LIMIT FROM 2006
Seems what goes around, comes around … “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries
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THE ROOTS OF THE HOUSING CALAMITY – GEORGE WILL
Burning down the house By George F. Will, Published: July 1 “The louder he talked of his honor, the faster we counted our spoons.” — Emerson The louder they talked about the disadvantaged, the more money they made. And the more the financial system tottered. Who were they? Most explanations of the financial calamity have been
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FOR WHOM THE GREEK BELL TOLLS – STEVE FORBES
FORBES by Steve Forbes Fact and Comment For Whom The Greek Bell Tolls 07.18.11 Given its rich mercantile heritage in the Mediterranean, Greece should be the Hong Kong/Singapore/ Switzerland of the Balkans. Its emigrants and their descendants have been huge business successes in the U.S., Australia, New Zealand, Canada and elsewhere. Yet Greece is bankrupt,
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THE DEFICIT IS WORSE THAN WE THINK
JUNE 28, 2011, Normal interest rates would raise debt-service costs by $4.9 trillion over 10 years, dwarfing the savings from any currently contemplated budget deal. By LAWRENCE B. LINDSEY Washington is struggling to make a deal that will couple an increase in the debt ceiling with a long-term reduction in spending. There is no reason
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FRANK ROCHE COMING TO RADIO – WRDU FM 106.1 RUSH RADIO
Having trouble viewing this email? Click here THE ROCHE RECORD June 28, 2011 EARLY ANNOUNCEMENT: GET READY AMERICA, FRANK IS HITTING THE AIRWAVES I’LL BE HOSTING MY OWN SHOW ON WRDU FM 106.1 IN RALEIGH, NC. A CLEAR CHANNEL POWERHOUSE AND THE HOME OF RUSH RADIO. I’LL BE BRINGING THE EVENTS OF NORTH CAROLINA AND THE
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EUROPE’S GREEK STRESS TEST
JUNE 17, 2011 The longer banks hold rotten paper, the likelier a second financial crisis becomes. By John H. Cochrane And Anil Kashyap Greek debt is in trouble—again. After a month of dickering, it seems likely that the International Monetary Fund and the European Union will agree to roll over Greece’s debt so bondholders will
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THE FED IS IN A BOX
JUNE 15, 2011 Notable & Quotable Lawrence B. Lindsey on how the Federal Reserve has forced itself into keeping interest rates low. Economist Lawrence B. Lindsey writing in the Weekly Standard, June 13: Right now, thanks in large part to Federal Reserve policy, Uncle Sam can borrow at an average cost of just 2.5 percent.
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CREDIT DEFAULT SWAPS STILL BEING TRADED
THE ROCHE RECORD by Frank Roche June 12, 2011 CREDIT DEFAULT SWAPS STILL BEING TRADED The Credit Default Swap (CDS): an insurance product to protect an investor in corporate or government bonds from default by the issuer of the bonds. Buyers of CDS get the protection, and the seller of the swap takes on the
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