Here It Comes Boys: "Bernanke May Need `Massive' Asset Purchases"!!!

Treasury's proposal of extending and then buying up a bunch of SBA loans maybe the smartest thing I've heard yet.

That should be an easy package to sell.
 
Quote from Daal:

The Federal Reserve Act and its authorities were approved by congress and can be changed by them at anytime
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What a relief. The guys in congress <i>really</i> know what they're doing.
 
Quote from Angrycat:

What a relief. The guys in congress <i>really</i> know what they're doing.
More...

They do know what they're doing, the whole "politicians are ignorant and incompatent" thing is just a scam to fool the public. Any naivety they have is intentional, to the tune of "well knowing those specific details might make me feel a little bit like too much of a scumbag, and there's no reason I need to affect my sleep quality, so I'll just ignore it." By and large, though, they know exactly what they're doing and they're criminals.
 
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