WTFF?? The Fed is trading in derivatives????

(10 am. – promoted by ek hornbeck)

What the fucking fuck???  Say it ain’t so!

Zero Hedge is reporting that the Fed has been betting its shit on the big crap table.

One-point-some-odd trillion in March alone.

Box cars working, people.

WTFF??

If true, this is government on drugs, flying saucer, four-way-window-pane.

10 comments

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    • ANKOSS on August 25, 2009 at 5:00 pm

    Like the idiots that cut down the last trees on Easter Island, the US plutocrats are determined to crush the economic viability of the general population, as long as they can squeeze out one more quarter of “profits” and pay their next round of bonuses.

    When the TV propaganda can no longer quiet the mobs, then we will see some reform – or a Palinesque police state. I put that transition point about 18 months away. Obama is turning into a ridiculous stick figure of a leader, giving America’s owners everything they want, including unlimited access to taxpayer money from “Helicopter Ben” and the out-of-control Fed.

    • Joy B. on August 25, 2009 at 6:23 pm

    …is seriously regulated, the traders will keep right on playing at the craps table of derivitives. Because there is so much money to be made there, and the Fed is the ‘House’ – which always wins. Obama should of course exert some serious control by legislation over the runaway Fed, but won’t. They’ll still be trading derivitives long after they’re forbidden to Wall Street.

  1. Protect the system!  Have the Fed trade in derivatives!

  2. … Bernanke’s hobby-horse, abandoning the practice of the Fed restricting itself to default-proof Treasury Securities and branching out into the chickenshit overvalued crap assets that got the Finance Sector into trouble.

    • RUKind on August 25, 2009 at 8:40 pm

    As long as it’s fresh. ;-);-);-)

    These guys are smoking crack. The difference should be obvious. They’re smoking dollar bills for the residual coke in each one. A billion here and a billion there and you can get a real buzz.

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