Saturday, January 15, 2011

Bail outs for Wall Street - not Main Street

The Fed Has Spoken: No Bailout for Main Street
Ellen Brown, Truthout: "The Federal Reserve was set up by bankers, for bankers, and it has served them well. Out of the blue, the Fed came up with $12.3 trillion in nearly interest-free credit to bail the banks out of a credit crunch they created. That same credit crisis has plunged state and local governments into insolvency, but the Fed has now delivered its ultimatum: there will be no 'quantitative easing' for municipal governments." 
Read the Article 

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