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IPFS News Link • Federal Reserve

The Fed Will Now Prop Up Wall Street Banks 365 Days a Year

• Bloomberg.com
``If you are a bondholder in one of these Wall Street firms, you know you have a big `Sugar Daddy' now called the Federal Reserve that's going to back you up,'' said Jeff Pantages, chief investment officer of Alaska Permanent Capital

1 Comments in Response to

Comment by Powell Gammill
Entered on:

Yeah, that sugar daddy is really the taxpayer and wage earner watching any savings go to hell.



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