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Author: kelbon Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 21193  
Subject: Re: Bigger Picture Thoughts on Interest Rates Date: 7/9/2013 11:52 AM
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There is a "Devil's Pact" between Chairman Bernanke and his employers, the much too large to let fail Wall St. Banks. The essence of this pact is that Bernanke funnels taxpayer money to the banks receiving totally worthless collateral in exchange but in the understanding that the banks will send the money right back to the Fed to earn a totally risk free return (on other people's money).

Sure Denny, all this money floating around, being cynically passed back and forth, was all collected from taxpayers ("taxpayer money").

This is all fine and dandy but what happens when employee Bernanke tries to take away his bosses' punch bowl? They are still the Masters of the Universe[…]

Devil's pacts and puppet master evil banks who are Masters of the Universe. Here we go again…

kelbon
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