Heads up, pay close attention as to what we may be on the hook to bail out. Yesterday I posted that AIG seems to be holding its hand out for another bail out due to guarantees written in Greece. Now this.
2010 elections are going to be very interesting indeed.
Source The Market Ticker
Wednesday, February 24. 2010
Posted by Karl Denninger in Federal Reserve at 21:03
"Repeal Of Law Needed NOW
Watch this clip, right near the end. 4:30 into the clip onward.
Yes, Ron Paul went off on quite the rant.
But that last minute......
The Federal Reserve has the authority to buy the debt of any foreign government, essentially obligating The US Taxpayer to bail them out!
Bernanke says he has no plans, but notice that he did not say they have never done such a thing.
Hmmm.... two-line bill to revoke that BS anyone?