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Welcome to the Third World, guys. Plastic cups and beer are out back.
Please sit down and enjoy the salsa.
I don't know about your numbers, but here's WHY money went to foreign banks....
BECAUSE THOSE BANKS WERE HOLDING DEBT INSTRUMENTS ISSUED BY AMERICAN BANKS.
Now if your complaint is that the US taxpayer ought not to have stoood behind ANY debt issued by PRIVATE BANKS, and that the people who bought those debt instruments ought to have taken the loss, instead of the US taxpayer taking on that debt?
I quite agree.
Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went | zero hedge[/url]
Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went | zero hedge[/url]
Trading low yielding reserves for low yielding Treasuries is a stealth bailout?
And how does that hurt the domestic economy?
Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went | zero hedge]
Trading low yielding reserves for low yielding Treasuries is a stealth bailout?
And how does that hurt the domestic economy?
[Macroeconomics, Overview, Basics, Principles, 101 Introduction Information]
if i were you id look over that.
As usual, a deregulatin', non-enforcement Pub Administration ruined the world economy...the nerve! or the ignorance...
Which in turned dumped their dollars for hard commodities.90% of QE2 went to bailing out foreign banks. The truth comes out.
Which in turned dumped their dollars for hard commodities.90% of QE2 went to bailing out foreign banks. The truth comes out.
Who woulda guessed?
Where's truthmatters?
He has a thread saying QE2 was the smartest thing America has ever done.
Where's truthmatters?
He has a thread saying QE2 was the smartest thing America has ever done.
TM won't disclose what her education is but likes to call the Republican party anti education. She is not the best source of logic or factual information.