The National Memo – Markets Surge As Federal Reserve Offers New Stimulus
Oh Pleeese, who does Ben Bernanke think he is kidding?! Congress has the ability to say, “Don’t buy bad debt.”
The stock market surged today because the Federal Reserve announced it was going to take $40 Billion of our tax dollars per month “until further notice” and buy inflated, defective, fraudulent mortgage-backed securities (MBS) indefinitely from the banksters.
Does that really make any sense? Continue reading