Tuesday, November 24th, 2009

Posts Tagged ‘ Fed credit ’

Go Ahead, Make My Money

Feb 27th, 2009 | By Richard Daughty | Category: Politics & Economics

Total Fed Credit, otherwise known as Federal Reserve Credit, ballooned by a huge $76.9 billion last week, taking the Fed’s total “help” to the scumbag banks to a nice, cool $1.9 trillion, of which a whopping $56 billion gob of the money created last week by the Fed was used by the Fed itself to buy Treasury securities for itself! Hahaha! What a scam!



A Fear of Falling Fed Credit

May 7th, 2008 | By Richard Daughty | Category: Politics & Economics

As I was contemplating how my blood got suddenly colder, I was taking a long pull from a bottle of really cheap tequila to try and calm my ragged nerves about this lack of additional TFC thing.