Sunday, January 24, 2010

The Weimar Solution - 3/24/2009

From historical mail files 3/24/2009. Bruce

"The Fed will buy up $300 billion in long-term Treasury bonds and spend $750 billion more buying sub-prime mortgages to remove them from the balance sheets of ailing big banks, to get the banks lending again.

Bernanke is printing money to buy U.S. bonds."

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