As for the fed:
"The Fed has held its target rate for overnight loans between banks at zero to 0.25 percent since Dec. 16 and more than doubled the assets on its balance sheet during the past year to $2.1 trillion, expanding bank reserves and beginning lending programs to bolster the financial system"
"The Fed has purchased a total of $177.475 billion in Treasuries in the 31 buybacks of U.S. government debt since March 25. The central bank’s purchases pale in comparison to the record amounts of Treasuries the government is selling to finance economic stimulus programs"
What a big mess, the fed is basically doing a big ponzi scheme, when will the house of cards finally topple over? (I say by March 2010)
