This is typical S&P garbagio…should have manned up years ago.
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someone at S&P banked tens of millions on this whole deal in the most heinous act of insider trading of all time: credit for that thought goes to Scott
believe it or not, the fed actuall has the ability to end the entire state debt crisis, courtesy of Dodd & Frank. It has the ability to do these things (this courtesy of one “beowulf” from pragcap.com, who appears to be a reasonably well informed attorney if I had to guess, from reading his blogs).
1. It can lend to states/municipalities at 0% if it desires
2. Via this it can lend for infrastructure stimulus
Meaning, the FED actually has some capacity to actually stimulate, which QE does not do.
“the clam”, “the bernank”, the guy that guy from Texas wants to shoot, is the worlds only firearm right now. Our best hope.
Go Ben.
Meredith shut up you crazy bit… oh wait…. shit