Tag: print money

Central Banks becoming Net Buyers of Gold

As central banks around the globe attempt to implement monetary policy and manage their respective fiat currencies, speculation is being made that they will become net buyers of gold rather than net sellers.  Since the significant breakdown of the Bretton

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Bank of America Loan Backstop

On January 16th 2009, Bank of America (BofA) disclosed with its first ever quarterly loss of $1.79 billion, a US government loan backstop for $118 billion on assets mostly from its government encouraged Merrill Lynch acquisition1. The loan backstop is

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Court Orders Federal Reserve to Disclose Details

Bloomberg News unit sued the Federal Reserve under the Freedom of Information Act for a list of companies in their emergency lending programs .  The emergency lending programs created last year by the Federal Reserve contains near $2 trillion in loans.

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TALF – Definition and Explanation

Term Asset-Backed Securities Loan Facility – Definition and Explanation “The Federal Reserve created the Term Asset-Backed Securities Loan Facility (TALF), to help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities

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Federal Reserve purchase of GSE Debt and Securities

Unconventional monetary policy announced by the Federal Reserve Open Market Committee on March 18 2009: “To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further

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