Oddly appropriate

If you’ve ever wondered why TPM is in my blogroll, it’s because stories like this pop up there: Apparently the Federal Reserve, in the course of flushing billions down the toilet for the benefit of AIG — which, in turn, comes out to benefit a handful of foreign banks — took a page out of the Enron playbook

Read the whole thing.  Note, in particular, how blatantly the Fed violates the rules meant to restrain it.  How anyone can witness this type of activity without concluding that this institution just plain is not fucking worth it is a puzzle for the ages.


About b-psycho

Left-libertarian blogger & occasional musician.
This entry was posted in economics, random shots. Bookmark the permalink.

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