Tuesday, September 23, 2008

The Fed Gives Out More and More $$$


Nowadays the Fed seems willing to hand out money to anybody. Hell, I probably could go up to Ben Bernanke and ask for a $20 billion loan, I'm sure he'll loan me at least 10. I figure I at least deserve it more than AIG, who shot themselves in the foot with the whole sub-prime mortgage fiasco. The Fed released a report saying that in the last two weeks they have loaned out an average of around $20 billion a day.  Now don't get me wrong, the Fed is not guilty of anything, this is the best way to keep the U.S. economy rolling. I just can't help but become a little stressed out when a country who is already in enormous debt is giving significant loans to companies who collapsed due to their own greed.

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