Tag Archives: senate budget committee

Massive Federal Reserve Profit Of $78.4 Billion In 2010

I guess you can make good by doing good. The Federal Reserve has been intervening massively into the economy, in particular by buying mortgage bonds. I was surprised to find that the Federal Reserve made an impressive profit by so … Continue reading

Posted in federal reserve | Tagged , , , , , | Comments Off on Massive Federal Reserve Profit Of $78.4 Billion In 2010

Subprime Ethics

From the Times Union: When it was flying high, Countrywide Financial was aggressively approving subprime mortgages that have contributed to today’s housing crisis. According to The Washington Post, Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee and a … Continue reading

Posted in Politics | Tagged , , , , , | Comments Off on Subprime Ethics

Bush Threatens To Veto Mortgage Bill

From the Boston Globe: WASHINGTON – A broad bipartisan coalition supporting a massive foreclosure rescue beat back GOP efforts to gut it yesterday, defying a White House veto threat and quashing a bid to make it a victim of revelations … Continue reading

Posted in Politics | Tagged , , , , , | Comments Off on Bush Threatens To Veto Mortgage Bill