Posted on 05/02/2008 8:05:28 AM PDT by drbasketball
The housing finance bailout continues. There’s obviously still quite a bit of junk paper out there. And the Fed is going to spread money everywhere, the U.S., the EU and Switzerland, in response...The Fed announced today an increase in the amounts auctioned to eligible depository institutions under its biweekly Term Auction Facility (TAF) from $50 billion to $75 billion, beginning with the auction on May 5. This increase will bring the amounts outstanding under the TAF to $150 billion...
(Excerpt) Read more at nationaleconomist.com ...
Let the banks and investors foot the bill.
inflation dilutes bad credit?????
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” Ludwig Von Mises
“Paper money will…ruin commerce, oppress the honest and open the door to every species of fraud and injustice.”
George Washington
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