So the FED has been buying massive amounts of the troubled (i.e., subprime) banking sector assets that no one wants because they are known to be next to worthless. Next the FED pays the banks interest on the money paid for the worthless assets so they wouldn't lend it out,that would be inflationary. Now the only way out for the FED is if these troubled assets some how magically regain the face value the FED paid for them. Note the article is three years old and they are still buying $85 billion of this garbage per month. I don't see how this is ever going to come to a happy ending.

http://www.csmonitor.com/Business/The-Ci...ts-successfully

And somewhere along the line, you thought that a crooked Chicago boy with no experience, no birth certificate, no college records, and an affinity for hanging out with extremists would make a good leader and Commander in Chief?

the logic of it all eludes me

No need to follow around, Lost Puppy. Take a chance. Try being yourself without having to lean on others, because you've looked the fool long enough. It's "Grow UP" time! Now go take a shower, put on a fresh diaper, and challenge yourself to come up with something fresh instead of lampreying. or NOT.

That is almost the first funny thing you've ever said.


I wonder if Slab is French?

Show me where I ever supported the puppet Obama. ON top of that, if you think this whole mess is the sole doing of the puppet you really are as stupid as some here say you are. GFY

I swear, Slappy, watching you wax eloquent about anything that requires logic, brains, or any knowledge whatsoever is the best entertainment value on PP.

Fish on...

Todd

As much as paying the clowns in congress while the government is shut down sucks, it's hard to believe that comes anywhere remotely close in importance to the concept of the Fed having the Treasury print up $85 billion out of thin air per month to buy up toxic assets from the "too big to fail" banks that in all likelihood will never regain the face value the Fed is paying for them. The Fed is into this for at least a trillion dollars. This is just another way for the big banks to privatize the profits and socialize the losses, and that's the loss on debt the banks wrote that they tried to pawn off on unsuspecting buyers using fraudulent AAA bond ratings until the buyers caught on and quite buying them. Now the Fed is the buyer of last resort and we are going to be holding the empty bag in the form of massive inflation or economic crash. Remember that Paulson was threatening Congress with the likelihood that marshal law would have to be instated if Congress didn't bail the banks out.

Maybe this will help:
http://www.peakprosperity.com/crashcourse/chapter-8-fed-money-creation

Why yes I do, and I find it very interesting that Hank Paulson was floated as the new Chair for the Fed, and even though Mr. Paulson is no enemy of big business Wall Street didn't want him because he was expected to be to hawkish on inflation, and Pres. Obama didn't really want him for the same reason, and so to please Wall Street he had his poodle, the Dove, Janet Yellen waiting in the wing.

Perhaps the big 0 read this article and decided that Paulson wasn't his type. http://www.huffingtonpost.com/2013/08/27/hank-paulson-cause-of-financial-crisis_n_3822417.html

Let's see....CEO of Goldman Sachs, Sec of Treasury. Chairman of the Fed ? Coulda been the trifecta of the Wall Street/Government revolving door.

Ahhhh, Toddler.

Did I misquote you in my sig line? Who's lacking, Mr. Bare Ass Avatar?? You've seen others pull that cute stunt......what was their results? Again,.......who's lacking?
Go take a gander in the mirror, fool.