Federal Reserve is poised to take the DJIA down to 8000!
According to an article in WND, the Fed is poised to take the DJIA down to 8000
in order to avoid hyperinflation. The Fed just increased Repuchase Agreements
(Repos) by $ 18 Billion.
As if that's not bad enough, an attorney in San Mateo, CA wrote an article in
Sunday's SF Chronicle stating that the stimulus package is nothing more than a
back-door method to bail out the Prime Brokers who pawned off all those bad
subprime mortgages. He says by increasing the loan limits for Fannie and
Freddie, the risk will be shifted from the PBs to the GSEs and will ultimately
result in the taxpayers being shafted to the tune of $ 1 trillion or more to
bail them out.