Category Archives: Federal Reserve Bank

R&R’s Ann Rutledge on Public Purchase of Bad Assets

Federal Reserve Chairman Ben S. Bernanke signaled that the government should buy devalued assets at above-market values to make its proposed $700 billion rescue package most effective in combating the financial crisis…. Analysts said Bernanke is essentially advocating that government use a pricing model that assumes that the debt will be paid in full over […]

Also posted in Ann Rutledge, bailout, subprime mortgage crisis | Leave a comment

Rope-a-Dope Securitization Economics: Part I

The high road of securitization is forward-looking. It promotes economic growth and rewards superior asset quality. Securitization is alive and doing well in grass-roots economies. But maybe you have not come to our blog to read about the high road of securitization. Maybe you have come looking for a map to lead you off the […]

Also posted in Ann Rutledge, Curmudgeon, Fitch, Moody's Investors Service, Rating Agencies, Securities Exchange Commission, Standard and Poor's, fraud | Leave a comment

Pseudo-Fed: Bury your Head in the Sand

Just a few days ago, the Board of Governors of the Federal Reserve pumped enough cash into the US economy to lower interest rates by 75 basis points. For the average American citizen, who would be hard pressed to define what a basis point means, this most recent Fed action is at best meaningless. To […]

Also posted in Curmudgeon | Leave a comment
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