Investors are wary of the direction that the housing market may take, now that the Fed is no longer supporting it. However, analysts believe that the sector will not be subjected to much turbulence in the form of soaring interest rates because other investors who have been waiting in the wings for sound investment opportunities will fill in the void. [Read more…]
Bernanke Supports Current Decentralized Federal Reserve System of Monitoring Financial Institutions
Federal Reserve Chairman Ben S. Bernanke has supported the current decentralized structure of the central bank with 12 regional banks. He said that a central agency monitoring the activity of the larger financial institutions in the country alone is not sufficient. A decentralized network of oversight and monitoring is important to lend support to the smaller banks spread across the country. [Read more…]
Dodd’s Financial Regulatory Reforms Proposal Fails to Deliver the Punch
The recently proposed financial and bank regulatory reforms by Senate Banking Committee Chairman Chris Dodd has been received with mixed reactions so far. The reforms bill aims to define new regulatory responsibilities and processes for various financial regulatory bodies including the Federal Reserve. [Read more…]
Federal Reserves Role in Banking
In the wake of the financial crisis, the Obama administration had promised sweeping reforms that would prevent a similar crisis in future. One of the key areas of concern was supervision of banks, and the role that the Federal Reserve should play in that. But even after months of bickering on the issue, no clear solution seems to be in sight on which any kind of political consensus can be achieved. [Read more…]
The Fed Hit Another All Time Low
In a move to stave off potential impediments to recovery The Fed last week moved to continue lending at an all time low. Bernanke in his high-handedness and roll as senior jackass gave a rousing speech outlining the fact that The Fed will do what he says until he deems that as silly as it sounds. While the average American still feels the dry mouth of someone going to a dry well, the lending industry, a voice of reason has chimed in on the subject. [Read more…]
