fed banking economics

[Guest Mugster]

We're in trouble and the average citizen has no idea what is going on, imo. Happened across this article from the rolling stone. It's written in plain language and describes much of the AIG/runaway fed (federal reserve bank)/big bank problem using simple language. It does have some profanity and some of it is right up front in the first sentence. I think its well worth the read.

If you go with nothing else, at the bottom of page 6 he discusses repo's a bit and why the fed quit using that to control the money supply:

(warning, profanity alert, possibly nsfw)

The Big Takeover : Rolling Stone

Follow up articles about Maiden Lane:

Maiden Lane LLC

Maiden Lane III Buys CDOs From AIG Counterparties - Regulatory,Legislative and Tax Issues - Life and Health Insurance News

[Guest Mugster]

Pretty funny if the IMF ever ends up with a little sitdown with the fed. I doubt it'll happen...unless the Chinese decide to sell all those US bonds...

The Atlantic Online | May 2009 | The Quiet Coup | Simon Johnson