The Fed Continues its Mad Ways

It seems that Ben Bernanke wants to be THE Banker of Wall Street. Or, should I say Bankster of Wall Street. Here are some of the Fed’s most recent actions: The Fed released a report Friday saying commercial banks averaged $93.6 billion in daily borrowing for the week ending Wednesday. That was up from an average of $91.6 billion for the week ending Nov. 19. The report also said investment firms borrowed an average of $52.4 billion from the Fed’s emergency loan program over the week ending Wednesday, up from an average of $50.2 billion the previous week. The Fed … Continue reading The Fed Continues its Mad Ways