Fed pumps another $800 billion

[Pesmerga]

WASHINGTON, Nov 25 (Reuters) - The U.S. Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to buy consumer debt securities,

Another bail out of equal size in an attempt to bring the US economy back from the dead. Citibank was also granted $100B earlier this week.

White House officials say bailouts are, and I paraphrase, 'to bring the patient back to life. Diet and exercise comes afterwards, the paddles come now.'

 

[Eejit]

Time to go Commie methinks. Look at how well Russia did during the Depression

 

[Tyguy]

jesus christ....

we are the ones (americans) who have to pay for this shit in the end. ****ing federal reserve and their bullshit interest and our bullshit income tax.

 

[Pesmerga]

Really, any country natively tied to the dollar is going to get hurt. Not that China or Russia mind.

 

[Mr Stabby]

Time to go Commie methinks. Look at how well Russia did during the Depression

They had their own depression in the 80s

 

[The Monkey]

How are they supposed to pay for this? They need to raise the taxes dramatically.

 

[Qonfused]

How are they supposed to pay for this? They need to raise the taxes dramatically.

Nah. They already did the only thing that need to be done in regards to the national debt.

 

[Saturos]

jesus christ....

we are the ones (americans) who have to pay for this shit in the end. ****ing federal reserve and their bullshit interest and our bullshit income tax.

^This

 

[Krynn72]

Our Government clearly has America's best interests at heart.

 

[clarky003]

This is all backed by the M3 money supply though isn't it? which they stopped reporting on 3 years ago. Or are they just printing off more valueless currency that isn't even backed by a piece of straw. It's all bullshit tbh, fractional reserve banking is the world wide con that got away and still does.