Money for Nothing. How TARP screws America over…..
In the markets, the Fed has taken moves which were unthinkable a few years ago and the Fed Chairman himself considered “inappropriate” before last fall. The Fed has openly acknowledged its monetizing government debt, buying hundreds of billions of dollars of mortgages directly from banks and other mortgage industry players, and guaranteeing trillions in private sector obligations.
Categories: Financial Crisis Tags: money for nothing, TARP