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Default So, how does the Fed boost the economy?

JoeSpareBedroom wrote:
"John" wrote in message
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"HK" wrote in message
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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.

I read somewhere else that the whole story seems way too fishy, like he
was targeted for some reason. Like maybe they needed to find at least
one democrat after all of the republicans that have been caught with their
hands in the cookie jar, or caught in homosexual acts or pedophile acts
or......


Maybe another Republican's been caught in a public bathroom, the news hasn't
broken yet, and this Spitzer thing's a way of drawing attention away from
the NAMBLA contingent in Congress.


You mean Barney "Mr Whorehouse" Frank and Gerry "The Coach" Studds?




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