Wednesday, July 30, 2014

Federal Reserve

Court orders Bank of America to pay $1.3 billion in damages for bad mortgages even though the government forced banks to make those subprime loans. This is a joke.

USA Today admits the Fed is fueling the bull market. This contradicts all the baloney about the economy recovering so rates can be lowered and shows even the supposed Keynesians in charge really know the Austrian are right. They're evil, not stupid.

Banks expect depositors to withdraw $1 trillion as Fed raises interest rates.

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