Plunge Protection Team in action

[Sponger]

Let's hope so

 

[donnap]

No the Feds job is to protect the wealthy elite's assets. If they prop up property and financial assets who wins?

 

[heidegger]

Quote from Ivanovich:

He did say it wasn't the Fed's job to bail out speculators. So here's to hoping the guy actually has a brain.

And Fed/Gov't insiders aren't speculators; betting on a sure thing isn't speculating.

 

[ASusilovic]

It´s not the FED´s job to bail out speculators. Right. It´s not the government´s job to bail out mortagage lenders and borrowers. Right.

Well then, let´s hope for a recession, or ? Let´s hope for Marc Faber´s doom and gloom fairytales, or ?