Jesse's Café Américain Mon 2009-12-28 16:27 EST
Monetization: Treasury Adds $400 Billion in Bailouts for Fannie and Freddie
What's another $400 Billion in monetization so that Fannie and Freddie can keep buying up mortgage debt? Timmy and Ben can continue to distribute dollars even as they approach a virtual insolvency because they can create them, seemingly out of nothing. The payment for their dollar debt is their creature -- dollars. But they cannot hand out endless amounts of nature's wealth, things like oil, gold, grains, and silver except as they may possess them by industry, force, or fraud.
400; Bailout; Fannie; Freddie; Jesse's Café Américain; monetize; Treasury Adds.