Posted on 08/03/2014 3:50:32 AM PDT by Zakeet
Just how does the Fed Monopoly Money end up propping up the stock market?
That is the funniest meme I have seen in a long while. Brago!
Half of the QE, that $85B now $75B per month has been going to buy NYSE Mortgage Backed Securities. Gee, what if some group, cabal or insider clique was able to bundle-up all the worthless mortgages that they hold and shuffle them off to Mortgage Backed Securities that the GOVERNMENT (via the Federal Reserve will hold - blindly).
Wouldn’t that make you, a broker, an insider, a biggie, feel good that all the trash in the market has been transferred to a Federal/Actually not entity that won’t even allow outside audits of its schemery?
I think you’d feel pretty good about it and go about making some more money will all that trash now ‘secured.’
Meanwhile, the Fed inspects and audits its own underwear and proclaims it all stain free. Nope, no unsecured debt here. They have the proof in the form of the other half of that $85/$75B per month they’ve been buying up its own ‘debt’.
The layoffs/outsourcing is a permanent structural change that will benefit these companies for decades. They have moved the jobs to where a better customer base (billions instead of millions) awaits.
It’s just not your day America.
He has a gift for languages and can con anyone. The first isn’t that noticeable, but the second is how he lives.
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