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To: blam

“Federal Reserve needs to buy up every single European bond owned by every single American financial institution”

Satire, right??????????


5 posted on 11/09/2011 3:34:49 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: dynachrome
Federal Reserve needs to buy up every single European bond owned by every single American financial institution

Not satire. I'll translate it for you. It really means:

The Federal Reserve needs to relieve the banks of the risks they took, and transfer that risk to the American taxpayer.

10 posted on 11/09/2011 3:40:52 PM PST by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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