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Did The Fed Just (Surreptitiously) Bail Out Europe?
The Market Ticker ^ | 04/12/2010 | Karl Denninger
Posted on Monday, April 12, 2010 2:37:24 PM by Zeddicus
No, not just Greece - all of Europe. Without Congressional authorization or notice, of course.
http://www.freerepublic.com/focus/f-news/2491539/posts
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> Did The Fed Just (Surreptitiously) Bail Out Europe? Possibly, but my developing theory that the $500 billion Student Loan Program Federal grab (that took place within the ObamaCare bill) is a way to re-collateralize part of that $2 Trillion printed and placed in the 13 Federal Reserve Banks to cover a partial Derivatives bailout and the $550 billion that was called in on Sept 15, 2008. It's about the ONLY way to absorb the cash — by BLOATING the Federal government — without causing MASSIVE inflation. |