Filed under: Bad news, Rants and raves, JPMorgan Chase (JPM), Bear Stearns Cos (BSC), Federal Reserve, Recession

I’ve had just about enough of this Federal Reserve dilution of dollars scheme. What’s going on here? Our national economic team has gone mad I suppose. Reserve chairman Bernanke seems bent on flooding the world with greenbacks which are becoming increasingly useless. Am I the only one who sees this?

The latest Federal Reserve backed dollar setback, the Big Bank Bailout, is underpinned with moves like the Bear Stearns purchase (NYSE: BSC) by J.P. Morgan Chase (NYSE: JPM) backed by YOUR ever shrinking dollars. I’m sick of it, just sick.

Yet now Wall Street is all giddy again, waiting for the next rate cut to be announced by the money fools. Oh please, give me some confetti and a kazoo! I have to celebrate the further deflation of my savings account before I puke.

Continue reading They call ‘em dollars and you can blow your nose with ‘em

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This entry was posted on Tuesday, March 18th, 2008 at 6:26 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.