Archive for September 1st, 2007

No Reuters Summary But … Foreign Cenbanks Buy Debt – Fed Report

  • Published: September 1st, 2007
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Foreign central banks were once again net buyers of US obligations in the week ending August 29th. However, they remained net sellers of treasuries, although at a much reduced pace from recent weeks. Reuters does not appear to have produced their usual Thursday summary this week, so Doom will endeavor to produce the usual numbers from the Fed report. Just for yucks, we’ll borrow the Reuters boiler plate from a recent number to make the Doom version a bit easier to find should anyone out there be googling. Their report was one of only a few weekly hits on the…
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Silly Homeowners, Bailouts are for Lenders

These comments from Peter Schiff were too good to relegate to the sidebar: The financial institutions that are calling most loudly for a bailout claim the Government must act to protect homeowners. However, the most severe losses will not be born by homeowners but by those who loaned them the money. Therefore any bailouts will ultimately go to lenders not borrowers. Homeowners who offered no down payment and who have no equity in their homes will in reality lose nothing in foreclosure, except perhaps a debt burden on an overpriced house. In addition, even those homeowners who made down payments…
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