Charting Stocks

This is Rep. Alan Grayson questioning Federal Reserve General Counsel Scott Alvarez about the Fed’s market practices.

“The Federal Reserve Bank of New York trades U.S. government and select other securities with designated primary dealers, which include banks and securities broker-dealers. Weekly transaction, market share data and primary dealer lists are updated periodically. Much of [...]

Hmmm. Could this be inflationary??

Ron Paul’s “Federal Reserve Transparency Act of  2009″ is gaining momentum.
As the true maverick of congress, Dr. Ron Paul, has introduced many bills which have called for either increased transparency and/or the complete dismantling of the Federal Reserve bank. Though he would prefer the latter, Dr. Paul’s recent HR1207 seeks to put the Federal [...]

Number 17 for 2009; 42nd Since Depression Began
Freedom Bank of Georgia, Commerce, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Northeast Georgia Bank, Lavonia, Georgia, to assume [...]

Kudos: WhatReallyHappened.com

Net Government Savings
An historic decline in in government savings from 2001-2002. Trend is continuing lower.
Depository Institution Borrowing from the Fed.

Helicopter Ben has been busy lately.

Source: Mises.org

Security Savings Bank: 16th Bank Failure of 2009

Security Savings Bank of Henderson, Nevada  was closed by regulators Friday, marking the 16th bank failure of 2009. The Federal Deposit Insurance Corporation said the failed bank’s deposits have been assumed by Las Vegas-based Bank of Nevada. Security Savings Bank had $238.3 million in total assets and $175.2 [...]

No pictures or video tape of federal buildings?