Ben Bernanke is making sure the Fed’s exit strategy goes as easily as a camel can pass through the eye of a needle. Instead of choosing to just sell assets and unwind the amount of securities it holds, the Fed chairman is seeking to be creative once again—as he was in the buildup of its balance sheet--and increase the amount of interest it pays on excess reserves.
Investigation reveals banks illegally denied loan modifications
Dollar rallies as China asks Banks to Curb Lending
Over the past year, several articles have appeared exactly like this one, and the math never seems to make sense. Does that imply that people are withholding information? Or are the numbers that large that a few billion here or there doesn’t make a difference? I beg to differ about a few billion missing.
There have not been this many bank failures since 1992 and the Savings and Loan Crisis. This number is nothing compared to the over 8,000 banks that failed during the Great Depression, but it seems like the failures have been coming at us with more force lately. The irony about all of this important information is that no one seems to be talking about it.
In 1987, when Alan Greenspan began his tenure as Federal Reserve Chairman under President Reagan, each American's share of the national debt was approximately $8,500. Now, 22 years, trillions of dollars, and four presidents later, the national debt per capita has ballooned to nearly five times its previous sum, now totaling about $40,000 per American.
Unstimulating America - How do you Undo a Trillion Dollars?
The collapse of the housing market, and the increase in mortgage delinquencies and home foreclosures, coupled with the credit crisis have all led to a dramatic increase in bank failures over the past few years. When banks fail, the FDIC is appointed as receiver. Depositors are protected up to the FDIC insurance limit.