Wednesday, November 25, 2009

What Else Would You Expect?

It's hard to keep track of just how much money they are *printing* these days:

  • For Fannie Mae and Freddie Mac bondholders.
  • For automakers.
  • For state governments.
  • To keep entitlements from dipping.
  • Billions in backstops for Citigroup, AIG, BAC, etc.
  • Never ending unemployment benefits.
  • Cash for clunkers.
  • First-time homebuying tax credits.
  • FDIC losses.
  • Etc.

And they won't stop either - not until the whole shebang blows up.


JReality said...

And the money was used to squeeze shorts like me out of the market and caused them to have six-figure losses in 2009. Ouch! It sucks to be a bear this year!

CaptiousNut said...

Hang in there.