Liberal Free Chat Zone

[basserdan]

Waiting for Something bad to happen

By Golem XIV
October 20, 2014

(please note: The underlined words are 'clickable' links when accessed via the link at the bottom of this page)

I think Friday saw a power-shift from the central banks to the global private banks. I think the global banks served notice that the Central bank plan of 1) reining in the risk-taking of the TBTF banks and 2) stimulating growth in the real economy is now dead in the water. There is a new plan. (Let me apologise now for this video being too long. I really did try half a dozen times to make it shorter. I failed. )

Couple of things I forgot to mention in the video.

Lobbying in the US by the financial/Insurance and Real Estate sector in 2014 stands at $249,342,399. Its been above $450 million every year since 2008.

According to the Sunlight Foundation, Mr Melvin L. Watt, head of the FHFA, had received some 45 percent of his total campaign funds in 2009 from donors in the finance and real estate sector.

Beneath are the links I used in the video roughly in the order I used them.

ECB bond buying

Blackstone quote and their $70 billion

Junk Bond market and Derivatives market

The FHFA and the new sub-prime housing push

Changes to Buy-backs and mortgage laws

UK housing – new mortgage rates

Frank Keating – Frank Dodd hurting the recovery Look up Frank Keating and Bloomberg to see how often he is on lobbying against regulations.

C. Boyden Grey – Regulatory overreach

Leveraged buy-outs – ignoring the regulators

Return of Synthetic CDOs

What are Synthetic CDOs and how they work/don’t work. A really good but technical piece by the always good Janet Tavakoli

http://www.golemxiv.co.uk/2014/10/waiting-something-bad-happen/