Federal Reserve Picks Up Many Bad Mortgages

The Federal Reserve claims they didn't make money magically out of thin air, they gave loans to banks who gave the reserves something valuable: a pile of mortgages that no one wants to hold! And so we don't have to touch our pathetic FOREX reserves, we just take this pile of IOUs and make it into dollar bills! See? Understand? Next, we must remember we can't afford health care for 50 million Americans because they don't have pieces of paper to trade for dollars. They must die or go bankrupt, who cares? At least, no one in our government or Wall Street gives two figs.
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