News Flash!
Today the Federal Reserve injected a total of 630 billion dollars in the financial system in an effort to alleviate the lack of liquidity.
So while Congress is fighting back and forth over this bail out plan (or rescue plan, depending on which spinster you talk to), two miles away the Federal Reserve found 630 billion dollars and threw it into the market.
Odd how this story is being so widely ignored while the crash and burn of the 700 billion bailout makes the headlines. Is this 630 billion not as important as the other 700 billion? The 630 billion wasn’t here this morning – it’s being printed on high powered color printers as we speak.
No vote, no debate. Now we know who’s really running the Country.
Monday, September 29, 2008
The Other 630 Billion
Labels:
700 billion,
bailout,
FED,
federal reserve,
printing money,
rescue plan
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1 comment:
Thanks for your blog. If our country can be saved, it will be in part because of individuals like you who will talk about these issues and educate others. :)
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