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  • yainvestor2 yainvestor2 Jun 24, 2008 10:43 AM Flag

    Fed Bankrupt By August?

    The Fed's reserves are depleating and more than 1/2 gone. The Fed did exchange garbage CDOs for Treasury notes.

    What you must consider is that the Fed with Mr
    Goldman Sachs, Hank Paulson, can raid the treasury and stick it to the txpayer.

    All the Fed's banking buddies will rape the treasury to keep their lifestyle.

    So no, the Fed will not be bankrupt. Your looking at what bankers will do when cornered.

    They will lie, cheat and steal to preserve thier turf.

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    • Yes, thats right, they were halfway thru their bankroll as of several months ago. Because real estate is essentially currency here in the USA, what I see happenning is Resolution Trust Company part II. Hillary Clinton will be in charge of it (given her intimate knowledge of the institution) after most probably ripping it off in the 1990's.

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