Friday, October 28, 2011

Federal Reserve backstopping Bank of America

The Federal Reserve put you on the hook for $75 trillion ($75,000,000,000,000) of fraudulent derivatives.

JP Morgan will follow suit on a similar amount. No wonder the stock market bounced.

In other news, Quadafi was sodomized with a knife.

At least someone was kind enough to give him a coup de grace to the head. You will have to live through this.

1 comment:

  1. Taxpayers won't pay it, because they ain't got it.

    Not gonna happen. I think Dmitry has it pegged -- financial and political collapse will happen together.