Tuesday, June 5, 2012

Free Money!

Bet that got your attention.  It's not for you though.  It's for Goldman Sachs.
"our confidence that the FOMC will ease policy once more at the June 19-20 meeting has also grown... Our baseline remains that Fed officials will purchase a mixture of mortgages and long-term Treasuries, financed via balance sheet expansion..."
Yes.  That will work.  The rough translation there is that they're confident that the Federal Reserve Bank will create more money out of thin air and use it to buy their bad debts and save them from their own stupidity at our expense.  Move your money into a credit union.

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