5.09.2010

Let the Global Ponzi continue!

Europe creates trillion-dollar bailout fund for Greece and anybody else who wants to get into trouble.

UPDATE: Dirty Fed gets in on the action. Anybody know any Eurotrash who want U.S. dollars at 0% interest?

4 comments:

Jr Deputy Accountant said...

You knew Zimbabwe Ben couldn't resist a hot piece of bailout action.

There's no way it CAN'T work! Weee!

Anonymous said...

IN other words, the American tax payer is bailing out Greece since the IMF is bailing them out, right?

Independent Accountant said...

Junior:
You are correct. ZB is like an alcoholic. He sees an opportunity to print money and he does it without thinking! We need to create a 12-step program for central bankers. Step 1, "I am powerless over my compulsion to print money".

Pop

Anonymous:
Not the American taxpayer, the US dollar holder.

W.C. Varones said...

IA,

I'd say it's the taxpayer for the IMF portion of the bailout, and the dollar holder for the Fed facilities.

Most of us are getting it both ways.

White House considering new tax-deferred accounts to encourage investing

CNBC : As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest...