It seems that Ben “Throw Money from the Helicopter” Bernanke has been unleashed. Unleashed! The latest madness from the Greek Temple known as the Federal Reserve office in Washington (no insult intended to the Greeks) involves the Fed buying commercial paper from mutual funds. WASHINGTON – The Federal Reserve announced Tuesday that it will provide up to $540 billion in financing to bolster the money market mutual fund industry, its latest effort to get credit flowing more freely again. The Fed’s new program, called the Money Market Investor Funding Facility, will be used to support a private-sector initiative designed to … Continue reading The Drunken Fed