Wednesday, December 10, 2008

Constipated Credit Markets

Bloomberg, Nov. 10, 2008
The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Merry Christmas! Now, in addition to an insurance company, some investment banks, and, shortly, three auto manufacturers, you and your grandchildren are major investors in the "Mystery Spot."

1 comment:

Attila The Mom said...

AAAiiighhhh!!

Ok. I'm done screaming now.