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Fed to kick off QE3

10 pointsby wr1472over 12 years ago

2 comments

DiabloD3over 12 years ago
This is why politics are off limits on HN: its so I don't have to remind people that the Federal Reserve is not a government agency, cannot cover it's debts, does not have $40 billion dollars per month (or $40 billion dollars at all) to buy toxic assets, and holds like a trillion dollars in Federal Treasury bonds that were paid with using fake money.<p>It doesn't matter who gets (re-)elected President if this isn't stopped.
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azmentheover 12 years ago
Thank goodness too! Now I can afford that iphone 5!