Uncle Sam and His Citizens Are Broke; Why Are They Bailing Out Europe’s Banks?

Throw Our Money On The Fire To Put It Out?

As Federal debt (to be repaid by taxpayers) continues to rise, the Federal Reserve has entered into a new program to bail out Europe’s ramshackle banks on top of Americans’ financial zombies. A past Fed Vice President tells all in: Ex Fed VP Accuses Bernanke of Bailing Out Europe.

Question of the week: How does an economy return to productive health when its workers and its financiers are all mortgaged beyond their ability to repay already?

About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Bank Failure, Debt, Economics, Europe, Finance and tagged , , , , . Bookmark the permalink.

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