Monthly Archives: March 2013

FRBNY | Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities

By: NewYorkFed.org On December 12, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase longer-term Treasury securities after the maturity extension program is completed … Continue reading

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The Cyprus Bank Battle: The Long-planned Deposit Confiscation Scheme

By: WashingtonsBlog “If these worries become really serious, . . . [s]mall savers will take their money out of banks and resort to household safes and a shotgun.”    — Martin Hutchinson on the attempted EU raid on private deposits in Cyprus banks … Continue reading

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Fair Game: Mortgages’ Future Looks Too Much Like the Past

By: GRETCHEN MORGENSON | NY Times IN a perfect world, policy makers, legislators and concerned Americans would have spent the last few years conducting an honest dialogue about two important issues: how to resolve Fannie Mae andFreddie Mac, the government-owned mortgage finance giants, and … Continue reading

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Global Financial Collapse 2013: THE TICKING BOMB

What if there was a safe place for you and your family if the unthinkable happened? World War 3 Global Financial Collapse Massive Natural Disaster A Global Health Pandemic What if this safe place Was located in a place away … Continue reading

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Cleaning Up the Financial Crisis of 2008: Prosecutorial Discretion or Prosecutorial Abdication?

By: 4ClosureFraud ABSTRACT: When finance professionals play fast and loose, big problems result. Indeed, the 2008 Financial Crisis resulted from people in the real estate finance industry ignoring underwriting criteria for mortgages and structural finance products. That malfeasance filled the … Continue reading

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CFPB Annual Report 2013: Fair Debt Collection Practices Act

By: 4ClosureFraud We presented our annual report to Congress on the Fair Debt Collection Practices Act (FDCPA) on March 20, 2013. From the report: “This report covers much good work done together over the past year by the CFPB and … Continue reading

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Cyprus Banking Crisis for Dummies

Bank Customer Trying to Get His Money Out of His Bank During Cyprus Bank Holiday By: WashingtonBlog Ground Zero of Financial Repression You’ve heard that the tiny European country Cyprus is threatening to grab between 3 and 13% of bank … Continue reading

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