$3.3 trillion bailout for the banks
During the financial crisis, the Federal Reserve, using quantitative easing (printing money), loaned $3.3 trillion to bail out the banks. It is all right to spend that kind of money on the banks, but not pay down the debt or create a jobs program. It is the wages of ordinary citizens that support 70 percent of the economy. “ Fed reveal loans under court order,” Bloomberg news by Craig Torres, April 1,2011.
Pervis James Casey
Apr 8 2011 - 2:39pm