Tuesday, November 25, 2008

WTF: Fed to buy ANOTHER $600 billion in bad mortgage assets

Fed announced today that it would be buying up $600 billion in bad mortgage assets from banks? Excuse me, but isn't this what the bail out was for? So while Treasury is buying up shares & pumping billions onto the balance sheet of banks, the Fed has doubled down to do what the original plan was intended to do and Paulson said wasn't necessary?

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