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Report: Fed Could Be Forced Into $1 Trillion Emergency Rescue(Goldman lobbying?)
Money News ^
| 08/06/10
Posted on 08/06/2010 7:27:33 PM PDT by TigerLikesRooster
Report: Fed Could Be Forced Into $1 Trillion Emergency Rescue
Friday, August 6, 2010 03:01 PM
The U.S. economic recovery has lost so momentum that the Federal Reserve reportedly will be forced to return to “unconventional” monetary easing, which could result in a $1 trillion emergency rescue, as early as next week.
Goldman Sachs Group Inc., whose economists also cut their forecasts for U.S. economic growth in 2011, said these measures could involve more asset purchases, such as Treasuries, or a more “ironclad” commitment to low short-term policy rates, according to Bloomberg.
If the Fed committee decides on more asset purchases, the amount would be at least $1 trillion, Bloomberg reported.
Goldman expects the Fed to announce that it will reinvest proceeds from the paydown of mortgage-backed securities in the bond market at next week’s policy meeting. The Federal Reserve's Open Markets Committee (FOMC) meets Tuesday.
Fed Chairman Ben Bernanke has said the U.S. central bank could take steps to further ease monetary policy if the recovery were to falter.
(Excerpt) Read more at moneynews.com ...
TOPICS: Business/Economy
KEYWORDS: 1trillion; bailout; bailouts; economy; fed; obama
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Why am I not surprised?
To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
08/06/2010 7:28:17 PM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
mmmmmmmmmmmmmmmm mmmmmmmmmmmmmmmmmmmmm mmmmmmmmmmmmmmmmmmmmmm
3
posted on
08/06/2010 7:30:04 PM PDT
by
al baby
(Hi Mom sarc ;))
To: TigerLikesRooster
Silver will become the new currency.
4
posted on
08/06/2010 7:30:28 PM PDT
by
samadams2000
(Someone important make......The Call!)
To: TigerLikesRooster
I’m sure this was.... UNEXPECTED!
5
posted on
08/06/2010 7:31:04 PM PDT
by
tommythev
(No Dick Dale in the R&R HOF? for shame!)
To: TigerLikesRooster
Since the stock market makes no sense anymore, I am predicting this news will drive the futures market up, which to me is counter intuitive.
6
posted on
08/06/2010 7:33:27 PM PDT
by
central_va
(I won't be reconstructed, and I do not give a damn.)
To: samadams2000
Ammo will become the new currency.
7
posted on
08/06/2010 7:33:45 PM PDT
by
bitterohiogunclinger
(Proudly casting a heavy carbon footprint as I clean my guns ---)
To: TigerLikesRooster
Please allow me to be the first.....
Bush Fault!
8
posted on
08/06/2010 7:34:00 PM PDT
by
Mr. K
(Physically unable to proofreed (<---oops! see?))
To: TigerLikesRooster
I believe that it time for the Federal Reserve Bank (a private bank), and Goldman Sachs Group Inc to be run out of town!
Or better yet, Corporate Offices tarred and feathered first!
Life imprisonment is way too good for these criminals!
9
posted on
08/06/2010 7:34:00 PM PDT
by
J Edgar
To: TigerLikesRooster
The U.S. economic recovery has lost so momentum that the Federal Reserve reportedly will be forced to return to “unconventional” monetary easing, which could result in a $1 trillion emergency rescue, as early as next week.
Can you say "Bank Holiday"? Commercial defaults are beginning to work their way into the system.
10
posted on
08/06/2010 7:36:19 PM PDT
by
PA Engineer
(Liberate America from the occupation media. There are Wars and Rumors of War.)
To: samadams2000
or lead and brass - the other precious metals
To: J Edgar
Public hangings at Time’s Square maybe?
To: Comparative Advantage
Yep, and for those who refused to confess their crimes, and name their superiors, I suggest Draw and Quarter!
13
posted on
08/06/2010 7:44:48 PM PDT
by
J Edgar
To: bitterohiogunclinger
Ok thanks I should be all set then...
14
posted on
08/06/2010 7:48:14 PM PDT
by
samadams2000
(Someone important make......The Call!)
To: TigerLikesRooster
A trillion here, a trillion there, pretty soon you’re talking real money.
15
posted on
08/06/2010 8:03:57 PM PDT
by
preacher
(A government which robs from Peter to pay Paul will always have the support of Paul.)
To: TigerLikesRooster
mortgage-backed securities ?
Are those worth anything anymore?
16
posted on
08/06/2010 8:05:39 PM PDT
by
smokingfrog
(freerepublic.com - Now 100% flag free.)
To: TigerLikesRooster
The U.S. economic recovery has lost so momentum that the Federal Reserve reportedly will be forced to return to “unconventional” monetary easing, which could result in a $1 trillion emergency rescue, as early as next week.
BTTT. Heads up to preppers.
17
posted on
08/06/2010 8:05:48 PM PDT
by
PA Engineer
(Liberate America from the occupation media. There are Wars and Rumors of War.)
To: preacher
real money which happens to be cheaper than paper it was printed on.:-)
18
posted on
08/06/2010 8:06:39 PM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: Mr. K
“Bush Fault!”
Wasn’t that written on the side of Noah’s Ark?
To: TigerLikesRooster
“Why am I not surprised?”
.
Because you’re not employed by the State run media?
.
20
posted on
08/06/2010 8:24:29 PM PDT
by
editor-surveyor
(Obamacare is America's kristallnacht !!)
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