FINANCIAL MADNESS

THE BEAR BAILOUT

How do you think Ben bailed out Bear Sterns?

Did he print the money, obtained it from somewhere (like the treasury)?, borrowed from another country like China?

Nope. It's just a book entry. An account is created, a number "thought" up and you simply add as many zeros as you need in front of it!

Scary? Yes. True? Unfortunately also yes!

More Later.................