In case you missed it, the Federal Reserve has been busy "printing" lots of money ...
But don't worry. The Fed has been spending all its "created out of thin air" money buying Mortgage Backed Securities (i.e. toxic crap) and purchasing U.S. Treasury bonds (because no one else will).
That's $2.95 trillion in bond purchases, and $1.725 in MBS/toxic crap buyouts of Wall Street.
So, yeah, the trillions of (QE) dollars created is going primarily to continue saving our failed financial sector.
And you thought the bailout was over. Suckers ...
- Mark
But don't worry. The Fed has been spending all its "created out of thin air" money buying Mortgage Backed Securities (i.e. toxic crap) and purchasing U.S. Treasury bonds (because no one else will).
That's $2.95 trillion in bond purchases, and $1.725 in MBS/toxic crap buyouts of Wall Street.
So, yeah, the trillions of (QE) dollars created is going primarily to continue saving our failed financial sector.
And you thought the bailout was over. Suckers ...
- Mark
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