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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In this Blog I will discuss Life the Universe and Everything, and maybe even Prairie Home Companion.
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11-5-2024
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