Posted by: Phoenix Capital...
Post date: 07/03/2012 - 15:55
The Fed, by buying Treasuries is making insolvent banks even more insolvent. It is a short-term gain (liquidity) for a long-term disaster: banks need as much collateral as they can get their hands on...
http://www.zerohedge.com/contributed/2012-07-03/eu-out-money-end-story-and-neither-fed-nor-ecb-can-print-save-day

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.