Florida Schools, the State of California and the State of Navada are Screwed – The Fed Owns Credit-Default Swaps on Debt Owed by all three – The Fed WILL Profit When they Default

My tin foil hat is officially broken, again… NPR reports: As part of the bailouts of AIG and Bear Stearns, the Federal Reserve Bank of New York spent more than $70 billion to buy toxic assets the companies owned. Last week, prompted by a lawsuit filed by Bloomberg News, the Fed finally told the world … Read more