Thursday, September 13, 2012

The Federal Reserve will buy $40 billion* of mortgage bonds EACH month

Talk about a bailout!  $40 billion each month for as long as the economy needs it.  Keep in mind, the Federal Reserve could use that money to help "people" ... rather, it will spend hundreds of billions in dollars to "save" banks.  It will not save them.  Even if it did, it does not save anyone but the banks.  At least a handful of people will make a LOT of money.

Fed Announces more "quantitative easing"

*Correction, $85 Billion / month until the end of this year, then $40 Billion / month until the economy has fully stabilized.

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