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The Fed's Balance Sheet

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Brilliant

What this will mean for the world is anyone's guess, but no one can question the fact that we're not in Kansas any more.

The abnormal has become normal.

And yes, the US taxpayer was left holding the bag for the Big Banks and their non-stop mortgage Fraud Machine.

Saving a handful of politically connected banks that should have failed did not save the economy and did not save the real estate market. It just slowed the crash down a bit and made what could have been an acute problem into an ever worsening chronic one with no end in sight.

Doubling up on your drinking is not a cure for alcoholism.




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