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To: Madharry who wrote (42257)4/13/2011 6:07:37 AM
From: valueminded  Respond to of 78708
 
Makes the case for abolishing the FED. What a total waste - like they can predict where interest rates should go anyway.



To: Madharry who wrote (42257)4/13/2011 8:39:26 AM
From: Mr.Gogo  Respond to of 78708
 
I cannot believe this is true.



To: Madharry who wrote (42257)4/13/2011 9:54:50 AM
From: E_K_S  Read Replies (1) | Respond to of 78708
 
Now it's the Fed's shadow "budget". This makes me want to put my Gold hedge (GDXJ ETF) back on. I wonder how long it will take for these loans to unwind (if at all) and if there will ever be any "claw back". A lot of the banks are still insolvent and still need to mark their loan portfolio(s) to "market".

I don't think any exit strategy has been scripted other than a very long protracted stagflation (10 years or more) and the ultimate debasing of the $US.

EKS



To: Madharry who wrote (42257)4/13/2011 11:50:08 AM
From: Jurgis Bekepuris2 Recommendations  Respond to of 78708
 
makes my blood boil

and that's the intended goal. Matt Taibbi biases his articles and distorts the facts to have the intended effect. Sure Fed did a lot of things that may be questionable. They also managed to bring the economy from the brink of collapse. Matt decides to ignore everything that was good in TARP and other programs. If you believe Matt and choose to ignore the other side to the story, well, it's your choice. :)