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How Much Paper Money Are We Printing to Boost Wall Street?
http://berniehund.com/ 2008/ 03/ 27/ how-much-paper-money-are-we-printing-to-boost-w...
How Much Paper Money Are We Printing to Boost Wall Street? » by sinde in: Current Events, Opinion Two weekends ago the Fed stepped into the economic spiral offering $30 billion to back the JP Morgan Chase bail out of Bear Stearns. It was touted as a loan to back JP Morgan’s position. Some of us questioned the move, perhaps as much from not fully understanding the deal as in opposition to it. Deals done outside the public eye with public funds is always suspect. The Palm Sunday weekend bail out was one thing. Perhaps the negotiations to raise the stakes from $2.00 a share to $10.00 a share
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