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I apologise if the following question appears ignorant but... "How is the Fed purchasing toxic assets off banks an instance of taxpayer money being used?" The Fed is not a federal body after all. I can see that the taxpayer suffers as a result of the programme since money supply is inflated and hence it is a form of indirect taxation (inflation)...what am I missing? Wiser heads assistance is greatly appreciated.
Every time the FederalReserve creates $1-trillion dollars they reduce the value of the holdings of citizens [and all other dollar holders] by $1-trillion dollars. Presumably most dollar holders are taxpayers.
Absolutely the best ever, Reggie!!
Thank you for the extra work on this one. Great job.
Reggie for Fed Chair
Reggie, You're the man! Excellent research as always. We at the ZH community are fortunate to be provided with your fine analysis.
Great work, as usual Reggie. Thanks for all your diligence. Even though too few of us are listening, it sure is nice to hear someone put some of that "chicken roosting" residue on they bald head where it belongs.
Absolutely top motch as ever. Big Thanks for sharing.
Good work, Reggie.
As always, thank you Reggie...
Did someone say heteroskedasticity ? How in hell did the Fed com up with the pricing ? The ratio of hair to warts on last night's hooker's back ?
THAT is awesome. hair to warts. goddamnit, i hope to remember that one forever, but, yeah, reg, you're the best...i mean...wow....
think ima go find some silver...
"The ratio of hair to warts on last night's hooker's back ?"
That's a keeper.
Go, Reggie, Go!
That "settlement" with PIMCO et al is only if they do it before 12/18 which is the end of the 60 day notice that the PIMCO letter served. 12/19=The Real Shitstorm.
I don't care about any of that as long as they don't let any of the Banksters out of the country before trial. Freeze their passports (including the ones from that other country be they dual 'citizens') and their personal assetts. Oh, and don 't shorten the trials, we want full access to all the crimes in detail.
The coup is over. Only a handful of Americans understand what happened...
Well written. The explanation of terms in your text is invaluable and the understandability is good. For the less than sophisticated reader like me, the message looses effectiveness if it is written in a complex texture. I am not saying the subject is easy or simple, but your presentation of it makes it more understandable. I hope you can keep at it; there is an absolute void for many of us to understandable access of information.
OMG someone with rational and clear thought.
Great write - up and interview Reggie.
Is dancing with the starz on tonight. ?
"Deutsche Bank with $411bn of trade volume, had the highest MBS transaction value"
The funny thing is, based on my personal observations, via realtytrac.com Deutsche Bank was more than willing to take a 50% haircut on their holdings. Some zip codes allow you to look at the mortgage data behind individual properties.
Well it's not funny really
good job Reggie, as always
Thanks Reg but unless your name is Jim Kramer and you're on CNBS, no one gives a shit... get it?
Thank you, Mr Reggie. Well done. And WE notice at Zero Hedge
good interview reggie
A must read!
Totally Busted: The Truth About Goldman's Bailout by the Fed
Great info Reggie. Thanks
You're finally getting around to digging through the data to see that I am right: there will be $70 trillion in bailouts.
we are being robbed
the only law being practiced in this country is criminal. I didn't think I could get more pissed off. I'm having gyros tonight.
whats this being robbed.? they have long ago put the gun to the head,
now they are after the scraps....
the gang of pundits and lap top junkies have cowered in the Keynesian corner for so long ,, most have not a pot to pizz in .
and then on top of that this board is infected with those who would dish the gold silver movement ,
still time to protect some assets get off the grid ,, gold silver..
the banks and fed are base criminal outfits .. all after those last scraps
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