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City / State: pocono's
County: carbon
Quote:I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing.
The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
http://online.wsj.com/news/articles/SB10...0751473884
It's the "BILL OF RIGHTS" not the bill of "needs"
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City / State: PA
County: Bucks
Yep. Wall Street skyrockets while the subjects crumble.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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City / State: Wilmington, DE
County: (PA expat)
My real concern the fact that we have no debt ceiling effectively until January 2014 and our next impending government shut down. I'm thinking Uncle Sam is going to try to sell as many bonds as possible between now and them to keep the spending going through the next shutdown.
The forum poster formerly known as Emoticon...
