The fed is responsible for that, that is why we have such a Search for Yield, and it's also why we risk inflation(sure I don't believe in inflation, at this point but....)
To put it all out on the Table; They fucked everyone with these shitty mortgages, took out insurance on them, from a company that the government had to bail out. It's just a way to get the money back from their Looting of AIG.
Taxpayer to AIG
AIG to the Banks
Banks to the Taxpayer.
This comment has been removed by a blog administrator.
ReplyDelete