Tonight I want to look at the US dollar. It was announced last night that the Treasury was in cahoots with the Fed and together they were giving US $322 billion to Citibank. Bunch this together with the US $275 billion given to AIG and two entities that together don't have a market cap of US $25 billion on Friday night have received a grand total of US $600 billion. Neither have a net profit because they are losing money, so if you're waiting for a return on investment, look to infinity and beyond. What I am wondering is how anyone can justify such a complete waste of money. Then I wonder just why it is that no one is complaining?
Shenanigans at the Treasury and the Fed?
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