Department of the Treasury

Tyler Durden's picture

Jim Grant: "Make America Solvent Again"





$13,903,107,629,266. Can the nation afford this much debt? This much we have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better to pay it off. America, we have a problem.

 
Tyler Durden's picture

Allergan Implodes: Pfizer Deal In Jeopardy After Treasury Announces "Action To Curb Inversions, Earnings Stripping"





"As if a million M&A arbs suddenly cried out in terror, and were suddenly silenced."

 
Tyler Durden's picture

Fannie, Freddie May Need Another Bailout As Washington Drags Feet On Housing Finance Reform





“The most serious risk and the one that has the most potential for escalating in the future is the enterprises’ lack of capital," Fannie's top regulator, Mel Watt says. The GSEs' capital buffer is being steadily depleted as the government sweeps the entirety of the businesses' profits, putting taxpayers in the absurd position of having to bail out two entities they've already bailed out due to the constraints imposed in an effort to recoup the first bailout.

 
Tyler Durden's picture

It Was True After All: The Government Is "Breathing Down The Neck Of Banks To Limit Their Energy Exposure"





As it turns out what we reported about the Dallas Fed was spot on after all: "The OCC is breathing down the neck of the large commercial banks to limit their energy exposure."

 
Tyler Durden's picture

Frontrunning: November 19





  • Soothing Fed sounds send shares, emerging markets higher (Reuters)
  • Belgian Police Conduct Raids in Connection With Paris Attacks (WSJ)
  • The Paris Attacks Can’t Lead to a Closed Europe (BBG)
  • Alleged Mastermind of Paris Attacks Was ‘Emir of War’ (WSJ)
  • U.S. Eyes Russia-Iran Split in Bid to End Syria Conflict (WSJ)
  • Despite tensions, Asia-Pacific nations close ranks against terrorism (Reuters)
 
Tyler Durden's picture

The Deep State: The Unelected Shadow Government Is Here To Stay





America’s next president will inherit more than a bitterly divided nation teetering on the brink of financial catastrophe when he or she assumes office. He will also inherit a shadow government, one that is fully operational and staffed by unelected officials who are, in essence, running the country. To be precise, however, the future president will actually inherit not one but two shadow governments.

 
Tyler Durden's picture

Forget The New World Order, Here's Who Really Runs The World





The phrase New World Order is largely derided as a sophomoric conspiracy theory entertained by minds that lack the sophistication necessary to understand the nuances of geopolitics. But it turns out the core idea — one of deep and overarching collusion between Wall Street and government with a globalist agenda — is operational in what a number of insiders call the “Deep State.”

 
Tyler Durden's picture

Secret Cable Reveals US Plan To Overthrow Assad By Exploiting "Extremist Groups"





"Possible Actions: Publicize presence of transiting (or externally focused) extremist groups in Syria, not limited to mention of Hamas and PIJ. Publicize Syrian efforts against extremist groups in a way that suggests weakness, signs of instability, and uncontrolled blowback. The SARG,s argument (usually used after terror attacks in Syria) that it too is a victim of terrorism should be used against it to give greater prominence to increasing signs of instability within Syria."

 
Tim Knight from Slope of Hope's picture

Palo Alto Outdoes Itself





She's a block away from the ghost of Steve Jobs. It's a lovely neighbhorhood, to be sure. But...........thirty million dollars???

 
Tyler Durden's picture

Here Is Why The Fed Can't Hike Rates By Even 0.25%





the next time someone asks "why is Yellen so terrified of even the smallest possible rate hike", show them this chart above and explain that the Fed vividly remembers what heppened when LTCM blew up. What the Fed doesn't want, is not one but one thousand LTCMs going off at exactly the same time in what is now the world's most levered trade...

 
Tyler Durden's picture

Second Thoughts On US Official Gold Reserves Audits





What is not often covered in the media are the audits of the US official gold reserves stored at the US Mint, which is the custodian for 95 % (7716 tonnes) of the stash – nowadays also referred to as custodial deep storage, and at the Federal Reserve Bank Of New York that safeguards the remaining 5 % (418 tonnes). The lawful owner of the US official gold reserves is the US TreasuryPart one covered the most recent records I could find published by the US government, in this post we’ll examine more historical records and approach this matter from a more critical angle.

 
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