Tuesday, November 16, 2010
NY Fed president William Dudley said today, when asked when the Fed would stop quantitative easing:
This exit could be several years away.
As Ron Paul wrote in October 2009:
The Fed, by backing up fractional-reserve banking with a promise of endless bailouts and money creation, attempts to keep the illusion going.
And see this.
Welcome to the age of permanent bailouts for the giant banks.