The Fed ponzi scheme put Bernie Madoff into shame.
Over the last 18 months (Oct 2007 to March 2009) the world equities, commodities and other asset class have dropped about USD60 trillion.
The US's Fed is one big ponzi scheme, creating a casino that they cannot even handle. Imagine, investment bankers gearing was more than 30 times of its shareholders' funds before it burst.
Ben Bernanke and Henry Paulson, force CEO of BOA, to acquire Merill Lynch with a loss of about USD12 billion and ask Lewis not to disclose it.
What about the AIG bailout, USD180 billion. Big chunck of it goes European banks.
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