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Chris Mason: Crunch time for the prime minister - There is universal acceptance in Labour that Sir Keir Starmer's predicament is dire and he confronts immense peril, writes Chris Mason.
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What links Jeffrey Epstein and Keir Starmer’s government? A thick seam of contempt | Nesrine Malik - We’re often told the PM is a ‘decent’ man. But in appointing Peter Mandelson he chose political convenience over doing right by trafficked women and girl...1 hour ago
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Bad Bunny Delivers a Love Letter to Puerto Rico at Super Bowl Halftime - His performance featured a sugar cane field, a wedding seemingly officiated onstage and a New York-style street scene, along with appearances by Lady Gaga ...3 hours ago
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Russia strikes residential building, gas pipeline in Odesa, explosions heard in Kyiv, amid Russian missile, drone attack - The Kyiv Independent - 1. Russia strikes residential building, gas pipeline in Odesa, explosions heard in Kyiv, amid Russian missile, drone attack The Kyiv Indepen...8 hours ago
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3 things to know about ‘Trump accounts’ — the new investment vehicle for kids advertised during the Super Bowl - “Trump accounts” are getting primetime Super Bowl ad space, with a commercial slated to air just before Sunday’s kickoff.8 hours ago
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Before history devolves into mythology: 2020’s best books on World War II - Historians grapple with the grimmest, toughest questions surrounding the war, about culpability, morality, and demagoguery during a fraught time.5 years ago
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S&P 500 closes nominally higher amid COVID-19 spikes, muted data - The S&P 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns...5 years ago
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NPR News: 03-20-2020 3PM ET -5 years ago
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Bankruptcy in Malaysia - Courtesy of: iMoney.my http://www.imoney.my/articles/bankruptcy/?utm_source=outbrain&utm_medium=CPC&utm_campaign=Traffic_MY_all_RSS11 years ago
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A reminder to update Picasa - *We just updated Picasa. To ensure that sharing to Google+ still works, please update to the latest version or turn on automatic updates. Thanks, and happy...12 years ago
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Picasa 3.9: Now with Google+ sharing and tagging - Posted by Chandrashekar Raghavan, Product Manager Picasa 3.9, the latest update to the Picasa client, is ready for you to try out! This update includes Goo...
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THE MASTERSTROKE, ...It’s never been so profitable for US banks to give mortgages.
Yet they’ve almost never been so reluctant to do it.
So now, the Fed is forcing them.
Much has been written about the Fed’s announcement of its latest effort to support the US economy with a new round of money creation and mortgage-bond buying—QE3—on Sep. 13. But few have recognized that it amounted to a shot across the bow of some of the biggest financial institutions in the country.
Here’s why. The Fed is aiming its unlimited buying power (since it can literally create money) at the market for mortgage-backed securities (MBS), the pools of mortgages where nearly all American home loans eventually end up. And the one of the largest holders of these MBS are the banks.
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