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xiphiasOn YouTube, a market analyst has put up a video in which he claims that the Fed found themselves lacking the liquidity to bail out AIG -- and has chosen to simply print a bunch of money to cover it.
If that's the case . . . that's bad.
The video's here:
http://www.youtube.com/watch?v=kqtAzRNhTTY
Can anyone confirm or deny that they are actually taking this step?
If that's the case . . . that's bad.
The video's here:
http://www.youtube.com/watch?v=kqtAzRNhTTY
Can anyone confirm or deny that they are actually taking this step?