So the Federal Reserve announced this afternoon that it will spend a trillion dollars to prop up securities prices.
The Fed doesn’t have the money, so they will print it up and have a fling at the market.
Remember when Martha Stewart got sent to prison for alleged comments she made regarding an alleged $40,000 in insider stock sales?
The crimes that are occuring with the Fed’s insider trading are probably 100,000 times as great – and, unlike Stewart’s transactions, the Fed is doing real damage to real people.
The Fed’s trillion dollar escapade is a stab in the back to every American with a savings account.
Ron Paul’s proposed bill to Audit the Fed is a step in the right direction.
But the audit should be only the first step. The laws on fraud and deceit should be brought down full force on these rascals.
Hopefully Americans will wake up one day and realize that the AIG bonuses are not even chicken snuff compared to the scams official Washington is carrying out…