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.
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There are very few financial problems that can't be solved by a suitable application of asset bubbles.