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?

read more | digg story

No comments:

9-13-2026

  lavishtantrums 15h U.S. allies Trump has insulted: Australia 🇦🇺 Britain 🇬🇧 Canada 🇨🇦 Denmark 🇩🇰 France 🇫🇷 Germany 🇩🇪 Greenland...