Bank of England buys credit card debts

Discussion in 'Wall St. News' started by protodigm, Apr 20, 2008.

  1. achilles28


    Why not.

    The Fed will own everything at the end of the day.

    Great time to get into the financing business.

    Just write a whole pile of bad loans then let the Fed buy them back at face value!

    Thats called inflation.