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THE FED--are we being Conned????, "regulators"
flower
post Posted: Jan 9 2012, 11:03 PM
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Almost 65 years ago, in 1947, the U.S. government sued 17 leading Wall Street investment banks, charging them with effectively colluding in violation of antitrust laws.

In its complaint -- which was front-page news at the time - -- the Justice Department alleged that these firms had created "an integrated, overall conspiracy and combination" starting in 1915 "and in continuous operation thereafter, by which" they developed a system "to eliminate competition and monopolize 'the cream of the business' of investment banking."

The U.S. argued that the top Wall Street investment banks - - including Morgan Stanley (MS) (the lead defendant) and Goldman Sachs -- had created a cartel by which, among other things, it set the prices charged for underwriting securities and for providing mergers-and-acquisitions advice, while boxing out weaker competitors from breaking into the top tier of the business and getting their fair share of the fees.

The government argued that the big firms placed their partners on their clients' boards of directors, putting them in the best possible position to know when a piece of business was coming down the pike and to make sure that any competitors were given a very hard time should they dare to try to win it.

http://www.bloomberg.com/news/2012-01-09/c...o-a-cartel.html

Interesting read, given that the FED/FOMC seems today to be overpopulated by the same ex US Investment Bank types after the spate of takeovers which rapidly followed the GFC demise of Lehman's!



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Combining Fundamental comments with Fundamental charts.
 
Mungo
post Posted: Jan 8 2012, 01:25 PM
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In Reply To: hoaky's post @ Jan 6 2012, 10:42 PM

Good one, Nelson Aldrich from memory, the prick behind the Federal Reserve (on the Govt side) with Paul Warburg leading the private side, they got their way 99 years ago.

 
hoaky
post Posted: Jan 6 2012, 10:48 PM
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In Reply To: flower's post @ Jan 4 2012, 11:40 PM

QUOTE
Confusion seems to reign supreme and likely to get worse.

yep
http://www.youtube.com/watch?v=a13IXD2xG4g
I am who I am


 
hoaky
post Posted: Jan 6 2012, 10:42 PM
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In Reply To: hoaky's post @ Jan 6 2012, 10:38 PM

overall doing quite well with the plan, here it is as a baby, how cute
Attached File  Fed_octopus.jpg ( 101.09K ) Number of downloads: 7


 
hoaky
post Posted: Jan 6 2012, 10:38 PM
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In Reply To: flower's post @ Jan 4 2012, 11:40 PM

What are you talking about, Its all going to plan
Attached File  rescue.png ( 481.27K ) Number of downloads: 9


 
flower
post Posted: Jan 4 2012, 11:40 PM
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The first forecasts will be announced after the Jan. 24-25 meeting of the Federal Open Market Committee, according to minutes of the Dec. 13 gathering released yesterday. That may boost economic growth by delaying expectations for an increase in the benchmark rate, which has been kept close to zero since December 2008, according to Feroli. At the same time, publishing a range of forecasts risks sowing confusion by showing disagreement among policy makers, Harris said.

"It's a bit awkward -- you're going to reveal to the public how much uncertainty the Fed itself has about where it's going," Harris said.

http://www.bloomberg.com/news/2012-01-04/r...ency-drive.html

Questions: Are we all being conned? Does the FED/FOMC have any idea what it is doing?

Confusion seems to reign supreme and likely to get worse.



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hoaky
post Posted: Nov 4 2011, 11:26 PM
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In Reply To: flower's post @ Nov 3 2011, 11:42 PM

ahh just taken some cmc sickness pills rolleyes.gif
More fiat confetti currency. While they’re still buying snake oil the salesmen are still in town. No bimetal standard, no limit on spending; endless wars!

Because Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency

http://www.zerohedge.com/news/because-cent...eserve-currency

follow the yellow brick road


 
flower
post Posted: Nov 3 2011, 11:42 PM
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In Reply To: flower's post @ Nov 3 2011, 09:54 AM

Quite how the US market will take this tonight on reflection, given the European non event bailout remains to be seen, there remains one more immediate possible injector of funds, the ECB who meet today.

http://www.bloomberg.com/news/2011-11-03/e...takes-over.html

The European Central Bank unexpectedly cut interest rates at President Mario Draghi’s first meeting in charge after euro-area leaders raised the prospect of Greece exiting the monetary union, sending bond yields soaring in Italy and Spain.

ECB officials lowered the benchmark interest rate by 25 basis points to 1.25 percent, confounding 51 of 55 economists in a Bloomberg News survey. Four predicted a quarter-point move and two expected a half-point reduction





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flower
post Posted: Nov 3 2011, 09:54 AM
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In Reply To: Dave_vic_ozz's post @ Oct 30 2011, 04:05 PM

Announce but not 'set a date'. Does that fit the above statement?
Dave, must have written it yourself---in his Press conference Helicopter Ben re iterated that supporting the US housing industry is important, and buying bonds is a viable option for the FED, and that the FED is prepared to do more and has the tools to do so.

Quite how the US market will take this tonight on reflection, given the European non event bailout remains to be seen, there remains one more immediate possible injector of funds, the ECB who meet today.

"Not Convinced"---WA




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Dave_vic_ozz
post Posted: Oct 30 2011, 04:05 PM
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In Reply To: flower's post @ Oct 29 2011, 11:01 AM

QUOTE
the Fed will probably refrain from introducing important changes


Announce but not 'set a date'. Does that fit the above statement?



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