{"id":344122,"date":"2010-02-20T18:16:35","date_gmt":"2010-02-20T23:16:35","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2010\/02\/20\/politics-economy-and-government-goldman-says-foreigners-reduce-fed-oversight-exit-strategy-street-bonuses-2500-banks-gse-mission-change-2-more\/"},"modified":"2010-02-20T18:16:35","modified_gmt":"2010-02-20T23:16:35","slug":"politics-economy-and-government-goldman-says-foreigners-reduce-fed-oversight-exit-strategy-street-bonuses-2500-banks-gse-mission-change-2-more","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/344122","title":{"rendered":"Politics, Economy, and Government: Goldman Says, Foreigners Reduce, Fed Oversight, Exit Strategy, Street Bonuses, 2500 Banks, GSE Mission Change?, 2 more"},"content":{"rendered":"

\"bill-coppedge-dec09-1\"<\/a> \"original<\/a> <\/p>\n

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\"ibtimesfx\"<\/a> <\/p>\n

Goldman Sachs-No Fed Rate Hike Until 2012<\/strong> – By mcarniol – According to Goldman Sachs economist Ed McKelvey \u201cwe don\u2019t expect or advocate rate hikes anytime soon\u2013not in 2010 and probably not in 2011 either.\u201d \u2013 IBTimesFX<\/a> <\/p>\n

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\"abc-news1\"<\/a>   +  \"calafia-beach-pundit\"<\/a> <\/p>\n

Foreigners Reduce Holdings of US Debt by Record Amount<\/strong> – … According to new data released Tuesday morning by the Treasury Department, foreign holdings of Treasury securities plunged by $53 billion in December, a record drop. China led the sell-off<\/strong>, reducing its holdings by $34 billion. Japan, meanwhile, increased its holdings by $11 billion to become the new largest foreign holder of Treasuries. As of the end of December, Japan held $768 billion of US government debt, followed by China at $755 billion, and then Great Britain at $302 billion, after increasing its holdings by $25 billion during the course of the month … – ABC News<\/a> <\/p>\n

and
Too much hoopla over foreigners’ holdings of US debt<\/strong> – Scott Grannis – … This is the key thing to remember: when country A sells more stuff to us than we purchase from them, then it ends up with dollars that can only be spent, ultimately, on something here in the U.S.<\/strong> The dollars that we spend on foreign imports never really leave the U.S. banking system, they simply change hands. Dollars are always spent here<\/strong> … – Calafia Beach Pundit<\/a> <\/p>\n

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\"huffington-post\"<\/a> <\/p>\n

attn Ron Paul: Fed President: Great Depression Possible If Federal Reserve Stripped Of Bank Oversight –<\/strong> … The U.S. risks falling into another "Great Depression" if the Federal Reserve is stripped of its bank oversight powers, a top Fed official warned Tuesday.  In his first public speech since becoming the newest regional Fed chief, Minneapolis Fed President Narayana R. Kocherlakota took aim at calls for the nation’s central bank to relinquish its bank supervision authority. … – Huffington Post<\/a> <\/p>\n

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\"hussman\"<\/a>   +  \"nyt\"<\/a> <\/p>\n

The Federal Reserve’s Exit Strategy: Unlegislated Bailout of Fannie and Freddie –<\/strong> John P. Hussman, Ph.D. -  has 7 step plan of how this occured<\/strong> – Hussman Funds<\/a>
vs
Elders of Wall St. Favor More Regulation –<\/strong> By LOUIS UCHITELLE – Put aside for a moment the populist pressure to regulate banking and trading. Ask the elder statesmen of these industries \u2014 giants like George Soros, Nicholas F. Brady, John S. Reed, William H. Donaldson and John C. Bogle \u2014 where they stand on regulation, and they will bowl you over with their populism.<\/strong> – NY Times<\/a>
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Wall St.\u2019s Biggest Bonuses Go to Not-So-Big Names<\/strong> – By ERIC DASH – The list of the biggest earners in finance usually reads like a Who\u2019s Who of Wall Street. But these days, it reads more like a Who\u2019s That?  It turns out that some of the highest-paid financial executives in America work far from the canyons of Lower Manhattan,<\/strong> at companies that have largely avoided the outcry over the return of hefty paydays on Wall Street.  Topping the list is John G. Stumpf, head of Wells Fargo, the bank based in San Francisco – NY Times<\/a>
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\"CNNMoney1\"<\/a> <\/p>\n

why 2500 small banks could go under – The next crisis: Commercial real estate<\/strong> – By Jennifer Liberto – … The panel’s research found that 2,988 banks are heavily invested — with more than three times their assets tied up — in commercial real estate loans. Of that number, 2,500 banks each have less than $1 billion in assets. … – CNN Money<\/a> <\/p>\n

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\"businessweek\"<\/a>   +  \"reuters\"<\/a> <\/p>\n

Goodbye CRA? GSE Mission Change? – Fannie, Freddie Housing Goals May Exclude Subprime –<\/strong> By Theo Francis – Fannie Mae and Freddie Mac would no longer be able to rely on subprime mortgages to meet their government-mandated goals for helping lower-income Americans obtain home loans, according to proposed regulations. … Fannie Mae and Freddie Mac, the largest sources of money for U.S. residential mortgages, had been relying on riskier private-label debt to satisfy goals of financing loans for low- and moderate-income homebuyers, according to FHFA. <\/strong>… – Bloomberg BusinessWeek<\/a> <\/p>\n

and
Fannie, Freddie regulator pitches new housing goals<\/strong> – By Al Yoon – The federal regulator of Fannie Mae and Freddie Mac on Wednesday proposed an overhaul of government rules on how the mortgage funding giants serve low-income homeowners while limiting their risks.<\/strong>  The Federal Housing Finance Agency wants new goals that would target borrowers with lower incomes than in the past — including families with incomes at or below 80 percent of their area’s median, … the proposals would prohibit Fannie Mae (FNM.N) and Freddie Mac <FRE.N,… from buying home equity loans and Wall Street’s mortgage securities to satisfy the goals.  Analysts said the proposals are likely aimed to balance the companies’ support of the housing market while preventing them from making hazardous expansions to fulfill requirements. … \u2013 Reuters<\/a> <\/p>\n

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\"marketwatch\"<\/a> <\/p>\n

Fed should sell mortgage-backed bonds,<\/strong> Plosser says – By Rex Nutting – … as the recovery gains strength, Philadelphia Fed President Charles Plosser said Wednesday in a speech on the Fed’s independence. … "To promote a clearer distinction between monetary policy and fiscal policy and to help safeguard the Fed’s independence, I advocate that we implement monetary policy using a portfolio that contains only Treasury securities,<\/strong> preferably concentrated in bills and short-term coupon bonds," Plosser said. … – MarketWatch<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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  Goldman Sachs-No Fed Rate Hike Until 2012 – By mcarniol – According to Goldman Sachs economist Ed McKelvey \u201cwe don\u2019t expect or advocate rate hikes anytime soon\u2013not in 2010 and probably not in 2011 either.\u201d \u2013 IBTimesFX ————    +  Foreigners Reduce Holdings of US Debt by Record Amount – … According to new […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-344122","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/344122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=344122"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/344122\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=344122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=344122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=344122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}