In 2007, Citigroup was the largest bank in the world, worth over $300 billion. This was the peak of the Federal Reserve’s latest inflationary bubble, and business for Citigroup—a chief participant in the Fed’s legal counterfeiting—was good.
Fast forward to November 21, 2008. Citigroup’s stock was more than 94 . . . → Read More: The Citigroup Bailout Unmasks the Fed
Paulson has spoken. Yet again.
The Treasury decided to increase the spending stakes. Paulson sang a familiar tune today, humming $600 billion for mortgage backed securities, and $200 billion meant to thaw credit for consumers. He aims at greater credit availability for student loans, car loans, and healthy new mortgage loans.
For average Jack . . . → Read More: Does Paulson Understand the Average American Crises?