Except that this is just a continuation of crony capitalism: U.S. taxpayers will bail out European banks. That’s not out of any love for the Frogs, I suspect, but because the U.S. Banks and their friends in government face some very large losses if Euro banks fail. These folks should enjoy their wealth and power while they can because when a Putin arrives, they will be removed and Putin’s friends put in place.
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For What It's Worth · Greenwich, Connecticut real estate, politics, etc.
Dow up over 430 points!
A cut in interest rates doesn’t have anything to do with taxes.
You should stop your anti European agenda.
As a European I do not like your ignorance, perhaps the Lady was right.
Ah, go put on some perfume (I’d suggest bathing but …)
Childish and pathetic.
What about anger management
Pad,
The Fed is the only entity that can print the dollars that are in short supply. By offering them through other CB’s via swap lines at artificially low interest rates, they create aniimplicit tax on US citizens through stealth inflationary pressures that additional money sloshing through the system engenders.
Tell me where I got this wrong.