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Default So, how does the Fed boost the economy?

JoeSpareBedroom wrote:
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...
Well, they take $200 billion that we've borrowed mostly from China,
and loan it to banks!!!

http://money.cnn.com/2008/03/11/mark...rss_topstories



Meanwhile, another division of Smoke & Mirrors, Inc. goes after Spitzer for
"unusual financial transactions". Right. :-)




For what it is worth, a colleague who is rather "connected" in DC told
me today that he thought Spitzer was being "targeted" for other reasons.
"The amounts of money the news reports say triggered the bank to label
them as possibly suspicious are too small for that."
But he's just speculating.
 
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