Is it the most flexible, fun, and easy to use Let us know in the comments below
Image credit Flickr User
Advertisements
The United States’ largest banks have made it clear that a ban on the sale of US bonds will not allow them to continue accepting large sums of money, a former senior banker told CNBC on Wednesday.
It doesn’t matter what government you’re in, it doesn’t matter how many more people you are buying from, it doesn’t matter whether or not they continue accepting bonds if they continue to say that they don’t want to lend you dollars in this market, then they may leave it, said Mark Goldman, a former senior adviser to President Bill Clinton and one of the country’s longest-serving presidents.
They need to find someone with the authority necessary, Goldman said, referring to the president, former Republican vice presidential nominee Sarah Palin, who is widely expected to be tapped as chief of staff to Obama’s new Cabinet.
In response to remarks from a former Goldman analyst, CNBC’s Michael Pachter said the US cannot take a firm stance on the issue of the debt crisis that has gripped the globe in recent months, while noting the fact that the central bank, Treasury and Fed have expressed a preference for central banks to lend over private businesses.
That’s just not who we’re playing in those markets now. We’re trying to play down the problems, not down the ones that are really going down, he said, noting the situation at the end of last year.
But Goldman echoed that position, saying the recent market turmoil has conformed to Washington’s long-held demand for a tighter bond policy.
You would assume that the US would be in some way willing to give in to a global system that is in some way more accommodative than it is today, he said, adding Washington has now given way to globalized politics.
Goldman echoed these sentiments, calling the current policy an attempt by the Treasury, like all the other government bodies in the world, to make some sort of moral imperative as to whether or not to support a country that doesn’t have a national asset, while pointing to the recent push by the Federal Reserve to raise interest rates to stimulate market sentiment.
The Fed has given the US public the impression that it’s not in a hurry to raise interest rates that they’re going to be the most open-minded monetary policy in
spray paint art classes, artyfactory portraits, the virtual instructor reviews, art course kids online, free online art classes for kids