Moron - we printed trillions of dollars to put a piece of bandager over the wound. The blood is still spilling out and about to give way.
Things are not afloat. They passed mark to market accounting changes to mask the losses in the banks, which are still insolvent.
Wake up dude, serious 240, wake the heck up.
The Federal Reserve also expanded its balance sheet by a few trillion as well. And guess what, all the "stuff" the aquired is junk and worth nothing. The "mark to market" rule is also in effect for the Fed as well....and thank god because it holds a ton shit and nothing more.
Smoke and mirrors. Again, none of the fundemental problems that are and have desicated the U.S. economy have been fixed, mentioned, thought about or whatever. More money printing and money giving and zero % interest rates...although now the Fed is monetizing the debt and the Chinese are getting jumpy, the Japanese have a new govt. that may start to take a new look at buying our worthless debt as well.
What have we done? Bailed out the banks, changed the accounting rules to make the seem solvent, printed more money and spent almost a trillion dollars on "Stimulus" that has seen the U.S. lose 2.5 million jobs since its inception.
More phantoms and more bullshit. It never changes.
