Fed to buy $600 billion in bonds in effort to boost economic recovery

Wow the Fed is going to pump $600 billion more into the system. I find this so amazing especially after what happened on Tuesday that I am going to re-quote what FDR’s Secretary of the Treasury, Henry Morgenthau, Jr. said in 1939
"We are spending more money than we have ever spent before and it does not work. I want to ...see this country prosperous. I want to see people get a job. We have never made good on our promises. I say after eight years of this administration we have just as much unemployment as when we started and an enormous debt...to boot."

Read the CNN Money article here

The Federal Reserve is Nothing buy a Ponzi Scheme