Police Officer Responds To “Six-Figure Federal Salary Gravy Train” Post – Michael Shedlock – Here is an interesting email from “David” in response to Six-Figure Federal Salary Gravy Train. The response was not what I expected when I first saw the Email. David Writes …. – MISH’s Global Economic Trend Analysis
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So what happens with TARP repayments? – Kathleen Pender – … Unfortunately there is no simple answer. Some Republicans say that any money returned to the Troubled Assets Relief Program or TARP, must go toward deficit reduction. President Obama and some Democrats say unused TARP money can be used for all sorts of things. … – SFGate.com
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Banks Ponder Globalizing Their U.K. Bonus Pain – By SARA SCHAEFER MUÑOZ And DAVID CRAWFORD – As 2009 winds down, big banks around the globe are sorting out one last headache: whether to spread the pain of the U.K.’s new bonus tax among their global work forces by cutting bonus pools all over the world. – Wall Street Journal
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NY Fed: Federal Reserve Will Indeed Be Able to Raise Rates – By Jon Hilsenrath – A new paper by the Federal Reserve Bank of New York offers some empirical support to the view among senior Federal Reserve officials that they do have the technical means to raise interest rates when needed, despite some naysayers who caution there is too much money in the system to do so effectively. – WSJ Blogs
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More bailed-out community banks failing to pay U.S. dividends – By Binyamin Appelbaum – … Fifty-five banks failed to make dividend payments in November, a 67 percent jump over the number of delinquent banks three months earlier. … – Washington Post
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Keep IRS auditors away: Earn less than $200,000 – By LARRY MARGASAK – Want to keep IRS auditors away? Keep your earnings under $200,000 and they won’t bother you 99 percent of the time. – AP Yahoo
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on paying over par – The Fed’s $27 Billion (And Counting) Call Provision – Submitted by Tyler Durden – Much has been written about the Fed’s Permanent Open Market Operations, or the technical name for Quantitative Easing’s Bond Repurchase, aka Monetization, program. What has been largely left out is the true cost in the form of a call premium that the Fed has paid out due to what amounts to an early redemption of $300 billion in par securities … – Zero Hedge