The collapse of the AmeriKan financial system is nigh!
"Fed officials clashed over bond plan" by Associated Press / November 24, 2010
WASHINGTON — Federal Reserve policy makers clashed over the benefits and risks of launching a $600 billion program to rejuvenate the economy, but voted for it anyway, according to minutes of their closed-door deliberations.
Despite a 10 to 1 vote in support of the program, the minutes from the Nov. 2-3 meeting show that some Fed officials had concerns about embarking on a second round of stimulus.
The minutes also reveal the Fed held an unusual video-conference meeting Oct. 15 to discuss its communications strategy. At that previously unknown meeting, officials considered whether it might be useful for the Fed chief to hold occasional press briefings to provide more detailed information and insights into the Fed’s thinking....
As if the lying, mouthpiece corporate media wasn't enough.
Actually, given their sagging circulation these days that might not be working anymore.
The bond-buying program is intended to invigorate the economy in part by lowering interest rates, lifting stock prices, and encouraging spending.
Some also worried about risks — unleashing inflation or causing a destabilizing slide in the value of the US dollar.
Yeah, that is for what it is intended.
And once enough American are homeless and poor we come for them.
--more--"
Related: Bernanke Burying the Buck
Also see: Barney Frank: Fed Foot Soldier
Going to hammer those Fed bankers, too, Barney?
