Crony capitalism strikes again

posted by
March 23, 2011
LewRockwell.com
by David Stockman  
Posted in Commentary

"Someone has to stop the Fed before it crushes what remains of America’s main street economy. Last Friday morning alone it launched two more financial sector pumping operations which will harm the real economy, even as these actions juice Wall Street’s speculative humors. First, joining the central banking cartels’ market rigging operation in support of the yen, the Fed helped bail-out carry traders from a savage short-covering squeeze. Then, green lighting the big banks for another go-round of the dividend and share-buyback scam, it handsomely rewarded options traders who had been front-running this announcement for weeks." (03/24/11)

http://www.lewrockwell.com/orig11/stockman6.1.1.html  

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