The Ironic Circle of the Mortgage Mess

Julian Assange of WikiLeaks - photo by Abode of Chaos

This is an excerpt from an article by Mike Larson at www.MoneyandMarkets.com:

“You have to appreciate the irony here. The Fed is trying to extract money from Bank of America … a bank that received tens of billions of bailout dollars from the federal government and that has been artificially propped up by the Fed’s easy money policy! And the money management firm that’s going after Bank of America, BlackRock? It’s 34 percent owned by Merrill Lynch, which is … you guessed it … a Bank of America subsidiary! You can’t make this stuff up.”

You can subscribe to the free newsletter about money and markets from Weiss Research, the only rating agency in the United States that does not take money from the companies that it rates.

Dr. Martin Weiss has even written The Ultimate Depression Survival Guide.

Here’s a link to their forecast record.They’re worth a look if you’ve never used them before.

Welcome to Gotham (BOA in Atlanta, actually) by basheertome

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