Federal Reseve is a joke

Discussion in 'Economics' started by The Kin, Oct 7, 2008.

  1. Primary Dealer Credit Facility (PDCF)
    Term Auction Facility (TAF)
    The Term Securities Lending Facility (TSLF)
    Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (ABCP)
    Commercial Paper Funding Facility (CPFF)

    All this new shit and them some since Bernanke took the helm. The PPT has even moved beyond its shadowy black arts unit and now has its own official office in Washington: Office of Financial Stability. They're hiring all the laid-off bums from Wall Street... everything from bankers to asset managers. We're in good, competent hands.
  2. Yeap.....all new land mines of the financial grid takedown.
  3. WHERE is Greenspan when we really need him?!
  4. Probably relaxing at some island resort with some kool-aid, exotic fruitcakes (swingin' like the Rand times) and parasols.