tag:blogger.com,1999:blog-7982981413278241287.post5602931989187804558..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Obama To Let AIG Fraud Go UnpunishedDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7982981413278241287.post-59547480541625970792010-04-06T13:54:39.251-06:002010-04-06T13:54:39.251-06:00This was my comment on the Fed minutes that might ...This was my comment on the Fed minutes that might get posted in Midas tonight:<br /><br />heh heh hehhh...good catch Andy. Here: <br /><br />"Fed watchers have informally translated the "extended period" to mean six months. But Fed officials said pledge would not tie their hands, the minutes said. A few FOMC members warned against an early start to rate hikes, the minutes said. At the meeting, Fed officials noted the economy was strengthening while core inflation readings were weaker than expected. There was little new about the ultimate exit strategy. According to the minutes, there was a discussion of formulating and communicating the exit strategy, but no decisions were made." <br /><br />Let me translate this: "the economy is still in bad shape, employment continues to deteriorate, if we start telegraphing rate hikes and liquidity tightening, the economy will fall off a cliff. We are not only not going to talk about an exit strategy for the trillions we threw at the system, but get ready for QE2. We will not telegraph this either, but watch the Treasury injections into Fannie, Freddie, FHA and the FDIC. We are looking forward to having Janet Yellen on board as Vice Chairman so we can begin talking about the merits of setting a negative interest rate policy."Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-27025004407209707572010-04-06T12:35:30.247-06:002010-04-06T12:35:30.247-06:00Well FEDS minutes are out...seems currency destruc...Well FEDS minutes are out...seems currency destruction is right on schedule.....Hopiumnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-55693758104230928282010-04-06T12:01:25.282-06:002010-04-06T12:01:25.282-06:00The nightmare of AIG, Freddie, Fannie and TBTF. I...The nightmare of AIG, Freddie, Fannie and TBTF. It reminds me of a self-destruct order given by Capt. Kirk, only this time it's Banana Ben running the bluff. The only question is, how much time do we have before the bluff gets called.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.com