Stop The Fed!

By: Skip MacLure (Diary)  |  November 5th at 06:41 AM  | 

Five hundred billion more, freshly printed, absolutely valueless, dollars. It’s being fronted as a boost to the economy through funneling money to the mega banks, who will then presumably buy more of Fannie and Freddie’s marginal and junk mortgages in the form of securities and bonds. What they are doing is absolute Keynesian garbage. People all over the country have used basic economics to figure | Read More »