Wednesday, March 18, 2009
"...$1 trillion for Bernanke's TALF and another trillion for Geithner's so called 'Public-Private Partnership'..."
via Market Oracle
The TALF and the 'Public-Private Partnership are another slap in the face of the international community. They violate the spirit and the letter of the G-20 communique. It will be interesting to see if foreign holders of US Treasurys endure this latest insult in silence or if there's a sudden stampede for the exits. There's a sense that the world is getting fed up with the Fed's financial chicanery and would like to chart a different course. Enough is enough.
- Mike Whitney
