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"Who the hell is going to buy?" - Dave Wrixon
Oct 30 22:38 pm
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All Comments by Smarty_Pants »How and When Will the Fed Reverse the Huge Addition to Bank Reserves? [View article]
This is the dirty little secret of the Keynesian camp. The only way the FED can really reduce their balance sheet now is to start writing the toxic MBS assets off as total losses.
Naturally the odds of the gub'mint bailing them out at that point are pretty good, so Joe Sixpack will be the one whose standard of living suffers as a result.