Monday, September 15, 2008

Fed will lend money for stocks.

Bloomberg.com: Worldwide: "The Federal Reserve also said it will be willing to lend money in return for a wider array of collateral including stocks."

What? The fed lending money for Stocks - are you kidding me - outrageous!!! OK, I've got some stocks that I would like some $$ for. Oh, the stocks are now worthless - hhmmm, what to do? Taxpayer bale out.

So it's gone from treasuries, to mortgage bonds to stocks...

0 Comments:

Post a Comment

<< Home