Commodity Trade Mantra

Posts Tagged ‘Fannie Mae’

Why the Federal Reserve Will Launch Another Round of QE

Equity investors drove stock markets higher each time a new round of QE was announced. QE reflated US economy by pushing up asset prices. Odds are quite high that it will begin to deflate again when QE ends in Oct. Should that occur, would the Fed then launch yet another round of QE or fall back to severe recession & deflation?

US Government Backing for Toxic Mortgage Securities?

The stated goal of the Johnson-Crapo bill is to “overhaul” mortgage giants Fannie Mae & Freddie Mac so that “private capital can play the central role in home finance.” The real objective is to hand over the profit-generating mechanism to the private banks while the red ink is passed on to the public.

Do You Know Who Owns The Federal Reserve?

Some people think that the Federal Reserve Banks are U.S. Govt. institutions – It is privately owned and its shareholders are private banks. They are private monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign customers.

JPMorgan Urged to Pay More in Mortgage Deal

After JPMorgan raised its total offer to $11 billion, the disparity in negotiating positions narrowed significantly – And the size of the fine is not the central negotiating point for JPM. JPMorgan is focused on using the pact to resolve many investigations it faces.

U.S. Justice Department Preparing To Sue JPMorgan

The U.S. Justice Department is preparing to sue JPMorgan Chase & Co (JPM) over mortgage bonds it sold in the run-up to the financial crisis, a sign the bank’s legal troubles are not yet over.

JPMorgan Agrees to London Whale Fines, Said to Admit Fault

JPMorgan has agreed to pay about $800 million to a host of government agencies and make an admission of wrongdoing – Even so, it seems unlikely that JPMorgan will be able to close the chapter on the case known as the London Whale just yet.

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