First of all, it's not a Mortgage Crises...it's a "hedge fund" crises! The Fed's $200 B infusion of today is "one gigantic leap for the average man, but one pathetically puny leap for the Hedge Fund Industry." B of A, alone claims it needs $759 Billion. The Federal Reserve is not part of the US Government. It has no "reserves". The timing of its announcement is perfectly timed to cover the undeniable "leap" in the dark hearts of Wall Streetists at the news of Spitzer's "importune liaisons". It was all a setup!
Coverup Money Laundering
Fed Launders $200 B Via Wall Street: Timed To Cover Anticipated Positive Reaction To "Spitzer" Sting!
By zorroz - Posted on March 11th, 2008
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