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.
2 comments:
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!
Hang in there.
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