The reason for all this evasion is now obvious. That $9 trillion, enough money to totally pay off 90% of America's mortgages, was spent buying back the fraudulent mortgage-backed securities. But obviously, this is not something that the Fed can admit to the public, which is why we get this lame "We don't know where the money went" song and dance act!
Tuesday, December 14, 2010
"We don't know where the money went" song and dance act!
The reason for all this evasion is now obvious. That $9 trillion, enough money to totally pay off 90% of America's mortgages, was spent buying back the fraudulent mortgage-backed securities. But obviously, this is not something that the Fed can admit to the public, which is why we get this lame "We don't know where the money went" song and dance act!
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