Is the United States actually trying to print money to bail out financial institutions?

[xiphias]

On 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?

Comments

O_O

[ysabetwordsmith.livejournal.com]

Folks, it's time to put one hand on your denarii and the other hand on your salt.