February 8, 2015 By: Nick Giammarino globalcurrencyreset.net Overview of the Federal Reserve System The Federal Reserve or the Fed is what it is today because of a number of laws. 22 more words
Tags » Mortgage Crisis
Within two months of moving into the White House, in March 2009, Barack Obama discovered bailout fever. Along with Treasury Secretary Timothy Geithner he tossed a $182 billion bailout to AIG, even though AIG was undergoing a criminal investigation by the SEC, and had already been fined $1.6 billion for securities fraud. 439 more words
The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.
Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock. 660 more words