Wednesday, August 25, 2010

The Fed Is The Problem

This article blames the (private cartel) Federal Reserve for not saving the markets. The problem is the Federal Reserve! The Fed created the housing bubble. The Fed bailed out it's buddies and now is fighting to withhold information about which buddies were bailed out. A collapsing debt bubble that was caused by the Fed is not solved by quantitative easing:
What has emerged since the acrimonious Fed meeting on August 10 is that Bernanke was unable to marshal a consensus behind fresh QE.

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