FYI: The fed is taking money out of the system

by bill hicks | October 3, 2008 at 07:07 am
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Since last Friday after the WaMu takeover, the federal reserve in NY has drained 100 billion dollars in long and short term transactions without putting any money in the system.  They had been adding 20 to 60 billion daily since August 2006  to keep liquidity stable.  They are forcing the credit crunch to worsen holding us hostage until congress passes the bailout bill so they can steal 700 billion legally.

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