Tag Archives: Federal Reserve System

Bank of America – We really did need money!

Warren Buffet gets his way. The Bank has denied it needed to raise money yet it quickly turned around and gives Warren Buffet an absolutely fantastic deal.Warren is now the lender of last resort, he has bought $5 billion of … Continue reading

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America’s Credit Rating Cut – Why are so many shocked?

It should not be lost on anyone, with the exception of Geithner, Bernanke and Greenspan (GBG) ¬†as to why S&P cut America‘s credit rating from AAA to AA. The country relies on foreigners to funds its deficits and has been … Continue reading

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Debt Ceiling – Why call it a ceiling if it keeps rising.

An American homeowner comes home to find his sewage system has backed up into the house. In fact, the sewage is now up to the ceiling. The homeowner is inclined to pump out the crap but before he does, he … Continue reading

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