Well I wasn't going to blog about this anymore but this article derserves some sunlight. It's hard to imagine how the U.S. Treasury and the Federal reserve could be ignorant of the facts here.
Sure the economic system could have imploded but today the new unemployed numbers are still bad. So with many trillions of dollars spent the government could have extended unemployment benifits for 5 years and still had several trillions left over to start a shadow banking system,but that would be to simplistic and pragmatic.
Instead the USGOV chooses too validate the "Casino" and this article says exactly that.
Thanks to Chris Whalen for the article and (Credit Barry Ritholtz and Institutional Risk Analytics, the original source)
Update / Since the Bill Moyers broadcast this article is extemely relevant.
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