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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: benwood who wrote (100392)8/5/2009 7:59:22 AM
From: niceguy7671 Recommendation  Read Replies (1) of 116555
 
"We avoided a catastrophe, or so we're told by those who stole the 8+ trillions."

Plus the $14T, the value placed by the banks of their toxic assets, and paid for by the taxpayer. Interestingly, the Fed advises that it's not in the taxpayers best interests to view the composition of $14T toxic Assets that banks have sold to the government.

That's govspeak for: the toxic assaets aren't worth $4T, let alone $14T, methinks.

(Just another, and much larger "stealth" bailout for the banks?)
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