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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.

2 Comments
  1. November 4, 2010 -

    Love the drawing, but I'm not crazy about the news. This sounds more like the slow erosion of the U.S. dollar. Ok, I'm not a financial expert but I understand that they're hoping this will spur the economy. How fast will the $600 billion trickle down to consumers when economic recovery has been reportedly disappointingly slow? I don't know, but I'm not highly optimistic.

  2. November 4, 2010 -

    I'm with you on this Vee.