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|User Info||Fed: But Ponzis NEVER Run Out Of Suckers!; entered at 2012-06-19 13:28:07|
Registered: 2007-08-30 Region formerly known as the United States
Many are now walled off from the low interest rates engineered by the Federal Reserve
That's technically true. The Fed has engineered where the TBTF get "loans" at zero percent and then they can re-loan the money for higher or much higher. So, there is a WALL - but it's there on purpose and supported by the Fed.
I love how it "casts" the Fed as "the good guys" for trying to provide low rates, when in fact those low rates are meant only for the TBTF.
Last modified: 2012-06-19 13:29:15 by widgeon