Thread: THE FED HAS SPOKEN: NO BAILOUT FOR MAIN STREET

THE FED HAS SPOKEN: NO BAILOUT FOR MAIN STREET

Ellen Brown, January 12th, 2011
http://www.webofdebt.com/articles/nobai ... street.php

The Federal Reserve was set up by bankers for bankers, and it has served them well. Out of the blue, it came up with $12.3 trillion in nearly interest-free credit to bail the banks out of a credit crunch they created. That same credit crisis has plunged state and local governments into insolvency, but the Fed has now delivered its ultimatum: there will be no “quantitative easingâ€