Fed, Government, Dollar: Bank Fees, Fed’s Third Mandate, Dollar as Reserve Currency, CA and Default

January 20th, 2011 · No Comments

BillCoppedge_28Nov2010 original content selection by MortgageNewsClips.com



Why New Regulation Will Increase the Prices Banks Charge - DANIEL INDIVIGLIO - The Atlantic



Thinking the Unthinkable - By John Mauldin - Thoughts From The Frontilne
The Fed Adds a Third Mandate
A Rational Voice in Dallas
Thinking the Unthinkable
The Threat of the Irish
Has China Found a Miracle Business Cycle?


(great summary of "third mandate") "The Fed No Longer Even Denies that the Purpose of Its Latest Blast of Bond Purchases … Is To Drive Up Wall Street" - Submitted by George Washington - Zero Hedge


wsj-world   +  breitbart

(Dollar questioned as reserve currency)
Hu Highlights Need for U.S.-China Cooperation, Questions Dollar
- By ANDREW BROWNE - Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a "product of the past" and highlighted moves to turn the yuan into a global currency - WSJ World

Hu calls currency system ‘product of the past’ - … Highlighting the dollar’s importance to global trade, Hu implicitly criticized the Federal Reserve’s recent decision to pump 600 billion dollars into the US economy, a move criticized as weakening the dollar at the expense of other countries’ exports. … - Breitbart.com 



California’s Default - The 2011 Scenario - Carl Dincesen - … California issued $10 billion of revenue anticipation notes this past December. They are due this May and June. $8 billion were sold last year and $7 billion the year before that. Over that time, general fund tax revenues declined about 15%.  … -Seeking Alpha

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