GOLD 0.51% $1,391.7 gold futures

fed inflating money supply

  1. 24,765 Posts.
    "The busted banks are putting up money (that can only come from the Fed) in order to save the busted guarantee company. The idea is to maintain the aura of a guarantee so that the busted banks do not become more busted by letting the busted guarantee company fail. Damn, they are good spinners. This is quite a transparent economic bandage. Consider the companies guaranteeing $1 trillion of debt in this financial condition. When splitting the companies was run up the flag pole the market said boo. This act of a new foundation of loose peddles holding up the Empire State Building is financial prestidigitation."

    "Banks may recapitalize Ambac to save AAA rating
    Capital boost from counterparties may be simpler than splitting bond insurer...."

    Full article at http://www.jsmineset.com/home.asp

 
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