I provide the following video as a public service announcement. Here is everything you need to know about the Federal Reserve and it's new policy of providing $600 billion in quantitative easing:
Classic. Any questions ?
I don't have much to add, other than......it's sure good to be Goldman Sachs. Nice work if you can get it, and...isn't it great that our new President took on those special interests ? One more question about Goldman Sachs - when Goldman Sachs can get money for free from the Fed and then use that money to buy bonds that provide a guaranteed profit for Goldman Sachs.....can we even call that free market capitalism ? I don't think so, but it sure explains the new business model of the Goldman Sachs and other mega-banks. Why should they make loans when the government has guaranteed them a zero-risk profit ? Maybe someone should ask the Ben Bernank.
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