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Topic: Fed Faces Explaining Billion-Dollar
Losses in QE Exit Stress |
Fed Faces Explaining Billion-Dollar
Losses in QE Exit Stress
Bloomberg News, by Craig Torres, Josh Zumbrun*
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Original Article
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Posted By:JoniTx, 2/26/2013 1:44:15 PM
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| Federal Reserve Chairman Ben S. Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels. That sum is the difference between the value of securities in the Fed’s portfolio on Dec. 31 and what they may fetch in three years, according to data compiled by MSCI Inc. of New York for Bloomberg News. MSCI applied scenarios devised by the Fed itself for stress-testing the nation’s 19 largest banks. MSCI sees the market value of Fed holdings shrinking
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Comments:
*& Caroline Salas Gage
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Reply 1 - Posted by:
MattMusson, 2/26/2013 2:04:51 PM (No. 9197421)
“The political backlash could be particularly acute given that a good portion of the funds that would otherwise be remitted to the Treasury would be transferred to large financial institutions in the form of interest paid on reserves,”
What this means, boys and girls, is that the Fed will negotiate some HUGE buyout with the big banks that are holding the paper. This will mean as much as $100 billion directly to the banks bottom lines. So, hold on to your banking stock.
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Reply 2 - Posted by:
NorthernDog, 2/26/2013 2:52:01 PM (No. 9197503)
The consequences of artificially holding down interest rates and pouring massive amounts of money into the system will eventually be catastrophic. I´m visualizing wheelbarrows full of Deutsche Marks - I mean US dollars - to buy a loaf of bread.
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Below, you will find ...
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Most Recent Articles posted by "JoniTx"
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Daily Mail (UK), by Sara Malm
Original Article
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Posted By: JoniTx- 5/24/2013 4:16:49 PM
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Schools and police stations were burning in Stockholm as violent riots continued for a fifth consecutive night. Emergency services were called to 70 separate incidents, including two torched primary schools, burning shops and a destroyed library building also housing a local police unit. Despite police claiming that the situation is beginning to calm down, critics say the riots were unavoidable after years of widening social gaps in a country which has the highest proportion of foreign-born citizens in Scandinavia.
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Original Article
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Posted By: JoniTx- 5/24/2013 3:58:38 PM
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The lawyer picked Thursday to succeed Patrick Fitzgerald as Chicago´s U.S. attorney is a former federal prosecutor best known for taking on corrupt politicians and powerful institutions such as the University of Notre Dame. Zachary Fardon would take over an office that has made its mark nationally by putting crooked government officials behind bars but increasingly faces pressure to do more to help in the fight against Chicago´s violent street gangs. "Zachary Fardon will be unwavering in his commitment to justice, and I am confident he will serve the people of Illinois with excellence," President Barack Obama said
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The Hill [Washington DC], by Cameron Joseph
Original Article
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Posted By: JoniTx- 5/24/2013 3:42:27 PM
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The Democratic National Committee is accusing the GOP of "making up so-called ´scandals´ out of thin air." In an email to supporters, DNC Spokesman Brad Woodhouse writes that Republicans´ accusations of scandal aren´t legitimate — a claim that´s sure to draw howls from the right."Getting in President Obama´s way has been the top priority for Republicans in Congress since day one. But now they´ve gone too far. They´ve been caught red-handed making up so-called ´scandals´ out of thin air to stir up false rumors of vast ´cover-ups´ happening in the White House," Woodhouse writes. "Did they find a single shred
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Original Article
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Posted By: JoniTx- 5/24/2013 3:23:29 PM
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Country singer Josh Gracin was in Washington on Thursday night to perform at the Ninth Annual Night of Heroes Gala, and as badly as he may have wanted to, he wasn’t allowed talk politics in an interview with The Hill.“I’m very political, almost to where I get in trouble with my record label not to post anything [on Facebook],” the former American Idol finalist said. Gracin’s handler quickly stepped in, nodding to the recording device in my hand and helpfully reminding him that he was on the record.
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How Prosecutors Fought to
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The New Yorker, by Ryan Lizza
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Posted By: JoniTx- 5/24/2013 3:15:27 PM
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The Obama Administration fought to keep a search warrant for James Rosen’s private e-mail account secret, arguing to a federal judge that the government might need to monitor the account for a lengthy period of time. The new details are revealed in a court filing detailing a back and forth between the Justice Department and the federal judges who oversaw the request to search a Gmail account belonging to Rosen, a reporter for Fox News. A 2009 article Rosen had written about North Korea sparked an investigation; Ronald C. Machen, Jr., the U.S. Attorney who is prosecuting Stephen Jin-Woo Kim,
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Original Article
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Posted By: JoniTx- 5/24/2013 3:05:25 PM
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As Democrats and the media continue to hammer Virginia lieutenant governor hopeful E.W. Jackson for his past comments on social issues, the Christian minister says he is battling what he calls the “mainstream media’s caricature” of him. In an email sent to The Daily Caller this week, the running mate to Republican gubernatorial candidate Ken Cuccinelli said “every one of those comments has a context and were spoken in my role as a minister, not as a candidate.” In particular, the black Republican took issue with the media’s outrage over his comments on abortion.
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Original Article
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Posted By: JoniTx- 5/24/2013 2:48:35 PM
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Massachusetts Senate hopeful Gabriel Gomez is outraged at how his Democratic contender, Rep. Ed Markey, is portraying him, accusing Ed Markey of low-blow politics that cross ethical lines. “You know, I’ve got four young kids and they gotta sit there and gotta see an ad with their dad, who’s a SEAL, who served honorably, talk to anybody I served with … and for him to be as dirty and low, pond scum, to like put me up there next to bin Laden, he’s just gotta be called what he is. That simple,” said Mr. Gomez, the GOP nominee
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Eva Longoria graduates with
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Posted By: NorthernDog- 5/23/2013 3:03:53 PM
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Eva Longoria is backing up her beauty with a whole lot of brain. The actress graduated with a master´s degree Wednesday. Longoria, 38, took home a real degree (not an honorary one) in Chicano studies from Cal State Northridge, where she physically attended classes for three years, according to TMZ. "Big day today!!! Very excited to graduate for my master´s degree in Chicano studies! You´re never too old or too busy to continue your education!" the actress wrote on her Who Say site Wednesday, sharing loads of pics of her big day, posing with her family, cohorts and diploma.
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Original Article
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Conservative radio host Mark Levin is very skeptical of the idea that President Obama had absolutely no idea about the IRS tea party targeting before the story broke in the news mere weeks ago. Levin declared adamantly that it is a “flat-out, bald-faced lie” that Obama didn’t know beforehand, citing prior reports by a few conservative news outlets picking up on the news well before the 2012 presidential election. Levin said, “I don’t believe for two seconds that Obama wasn’t aware of this.”
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Politico, by Reid J. Epstein
Original Article
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Posted By: KarenJ1- 5/23/2013 10:08:52 PM
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President Obama on Thursday nominated Victoria Nuland, a State Department official involved in the editing of the administration´s talking points on Benghazi, to be the next assistant secretary of state for European and Eurasian affairs. Nuland, a career foreign service officer who was until recently State´s top spokesperson, had long been expected to be nominated the post to replace Philip Gordon, who Obama picked to serve as Middle East coordinator for the National Security Council. Nuland´s nomination -- which requires Senate confirmation -- could come under scrutiny from Republicans who see her as playing a central role in shaping
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Why was the Department
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American Thinker, by Sally Zelikovsky
Original Article
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Posted By: magnante- 5/23/2013 8:09:21 AM
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What´s so interesting about 60 tea partiers protesting the IRS in San Jose, California on Tuesday, May 21st? The fact that this bit of information was conveyed to the protesters by a Department of Homeland Security officer who was also in attendance. What was a DHS agent doing at the San Jose Tea Party protest? (snip) they weren´t just spying on us in San Jose and monitoring us in San Francisco, they were watching us throughout the entire state
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Anthony Weiner says Houston
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Houston Chronicle, by Nicole Narea
Original Article
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Posted By: Dreadnought- 5/23/2013 10:52:02 PM
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Anthony Weiner’s New York mayoral candidacy was only made more improbable today after he revealed that he visited a Houston psychiatric facility following his resignation from Congress in 2011. Haunted by scandal surrounding his sexually explicit online communications with women, the Democratic former congressman sought treatment for his compulsive behavior from mental health professionals at the Gabbard Center. According to its website, the facility provides “3-day outpatient psychiatric evaluation,” particularly to “professionals who are in personal or professional crises.” While Weiner did not disclose
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The Mystery Night
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Politico, by Rich Lowry
Original Article
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Posted By: RappVol- 5/23/2013 7:36:59 AM
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On “Fox News Sunday” last weekend, White House aide Dan Pfeiffer was asked about President Barack Obama’s whereabouts the night of the Sept. 11 attack in Benghazi. This was the night when we lost our first ambassador in 30 years, and when three other Americans were killed in an attack that lasted all night long at multiple locations within the eastern Libyan city. Since the president is commander in chief, one would think where he was and what he did during such an event would be of obvious public concern.
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Mark Levin: "RINO" Issa Didn´t
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Real Clear Politics, by Ian Schwartz
Original Article
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Posted By: KarenJ1- 5/24/2013 5:38:38 PM
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MARK LEVIN: So why didn´t Chairman Issa hold an investigative hearing a year ago? Why didn´t Chairman Camp, all Republicans, hold an investigative hearing a year ago, and all the other tripping over themselves right now? I´ll tell you why. Because the establishment Republicans, the RINO Republicans, despise the Tea Party. They despise the conservative movement. We exist to be managed, to be shuttled to the polling place, to vote for their candidates. The Karl Roves of the world, and all the rest of them. They fight us in the primaries, they fight us at the grassroots.
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