DRAWING on OBSERVATIONS

Ball point pen on todays newsprint

One day after so many were tossed out of office for over-spending, Ben and the Fed printed $600 billion and gave it to the banks.

The hope is that it will trickle down to the consumer, but being that consumers are unwilling to borrow and congress was unwilling to get the banks out of the investment biz, look for the banks to go gambling with the windfall.

Heads they win, tails we loose.

Ball point pen on the morning newsprint

Obama’s top economic adviser and one time Chairman of the Federal Reserve, believes the main purpose for banks should be to serve the public and they should be prohibited from owning and trading risky securities. The Obama administration however refuses to separate the banks from their investment operations.

NOTE: I’m going on a short sabbatical, I will be back with an all new doodle on Monday, Oct 26th. Until then the comment feature will be turned due to spam issues.