Originally Posted by sallylou
Wirelessly posted (droid)
The ethnicity of the 1% holding political power and continually bailing themselves out is irrelevant to me. I just want it to stop. The Fed has been quietly buying more mortgage-backed securities from banks. Quietly because the 5 corporations running the media don't report it. This news is always buried in the financial section.
It's no secret, the government has been buying up toxic assets and that has been the plan all along. They are doing it because the banks can't afford to pay on the securities. This isn't some secret plan so much as what has to happen.