so far as a result of the financial crisis, the falling tide exposed the biggest ponzi scheme in history, à la bernie madoff. yesterday alan stanford was found guilty on 13 of the 14 charges for one of the largest ponzi schemes in history and bernanke decides to release this announcement today????
News Alert from The Wall Street Journal
Federal Reserve officials are considering a new type of bond-buying program designed to subdue worries about future inflation if they decide to take new steps to boost the economy in the months ahead.
Under the new approach, the Fed would print new money to buy long-term mortgage or Treasury bonds but effectively tie up that money by borrowing it back for short periods at low rates. The aim of such an approach would be to relieve anxieties that money printing could fuel inflation later, a fear widely expressed by critics of the Fed’s previous efforts to aid the recovery