Tuesday, December 28, 2010

In the Liberal Fascist state, the Powerful get Richer

The Fed's strategy for financial success:  rob our children to make foreign bankers rich.  But you see, all of these people are so compassionate.  The Fed's behavior in the last few years has clearly been 'extra-constitutional', even if the Supreme Court won't rule it 'unconstitutional'.

If there are no constraints on how much the governing class can spend, then we are its slaves.

FINANCIAL TIMES: Non-US banks gain from Fed crisis fund: Half of emergency credit facility cash went to foreign institutions. Healthy ones in many cases — because the Fed didn’t want weak ones to be stigmatized.

Hat tip Instapundit

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