Free Republic

February 26, 2010 How “Hot Money” is Wrecking the U.S. Banking System… [Editor's Note: The Federal Deposit Insurance Corp. insurance fund that protects your deposits is $20.9 billion in the red. One of every 11 U.S. banks is in trouble. And it's going to get worse. Neither the FDIC, the Federal Reserve nor the Treasury Department will 'fess up that what's fueling bank failures is a risky form of funding called "brokered deposits." Industry insiders refer to them as "hot money." Credit-crisis expert Shah Gilani spent months investigating the often-murky world of hot money. This story is excerpted from an...

Brazil sparks wider currency control fears By Peter Garnham Published: November 19 2009 11:37 | Last updated: November 19 2009 11:37 Asian currencies came under pressure on Thursday as a move from Brazil to further curb foreign inflows sparked fears that other countries would follow suit. Brazil moved overnight to close a loophole that had allowed investors to avoid a 2 per cent tax on foreign investment in equities and bonds announced last month. The government announced a 1.5 per cent tax on American Depositary Receipts. Guido Mantega, Brazil’s finance minister, said some foreign investors had been buying ADRs to...

China forex reserves at 1.53 trln usd at end of 2007 - central bank UPDATE Fri, Jan 11 2008, 12:25 GMT http://www.afxnews.com BEIJING (XFN-ASIA) - China's foreign exchange reserves reached 1.53 trln usd at the end of last year, the central bank said. That was up 43.3 pct from the 1.0663 trln usd recorded at the end of 2006. In a statement on its website, the People's Bank of China said that the nation's foreign exchange reserves rose 31.3 bln usd in December alone. Speculative capital inflows may have been a significant contributor to the growth of China's foreign exchange...

http://asia.news.yahoo.com/050422/3/1ztbu.htmlFriday April 22, 10:04 AM China capital surplus doubled in 2004 BEIJING, April 22 (Reuters) - China's capital account surplus in 2004 more than doubled over the previous year to nearly $110.7 billion, the government said on Friday, in another indication of speculative "hot money" entering the country. The surplus was partly due to the $61 billion in foreign investment that China drew in 2004, along with another $19.7 billion in net securities investment, the State Administration of Foreign Exchange said on its Web site (http://www.safe.gov.cn). The administration did not mention hot money, a term for capital that has entered...