The Truth Behind the Dirty Fed's Dirty Laundry
The Fed has been forced to open its books and reveal recipients of "emergency" loans at the height of the 2008 financial collapse. Unsurprisingly, the news ain't pretty. Read about $3.1 trillion loaned to Goldman Sachs, Merrill Lynch, Morgan Stanley and Citigroup, unsecured loans for McDonald's, Verizon and Harley-Davidson, plus over $550 billion in MBSs handed over to foreign banks to "save the American economy".
I'd laugh but it's actually really sad.
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo t...
I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.