Texas GOP Vote

The Federal Reserve’s current policy of near-zero interest rates has given banks a golden opportunity to recapitalize while still maintaining low lending rates to the private sector. Because the federal funds rate has been held so low, banks are able to borrow funds cheaply, reinvest in Government debt, and profit off the spreads. This Fed policy has the effect of discouraging banks from making loans to the private sector where funds are desperately needed to fuel a recovery.  Read more »

In a word, NO! Federal Reserve Chairman Ben Bernanke recently gave a report on the state of the economy. It makes for scary reading if you are in any business other than those the Fed deemed too big to fail i.e. wall street, the big banks, and insurance companies involved in insuring off the wall derivatives.  Read more »