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To: John W

I remember MANY FReepers telling me that the Fed wasn’t and couldn’t do this. It WAS happening (through intermediaries) and now they are just taking off their masks and doing it directly. That whiff in the air is desperation.


50 posted on 08/10/2010 12:23:55 PM PDT by rbg81 (When you see Obama, shout: "DO YOUR JOB!!")
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To: rbg81

Then many freepers told you wrong.

Like it or not, this is the way it works.


52 posted on 08/10/2010 12:26:28 PM PDT by Pessimist
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To: rbg81
I remember MANY FReepers telling me that the Fed wasn’t and couldn’t do this.

All through WWII and afterward the Fed bought government debt to keep interest rates artificially low.

70 posted on 08/10/2010 12:44:29 PM PDT by Moonman62 (Politicians exist to break windows so they may spend other people's money to fix them.)
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