Ron Paul Coming Up Next on Fox Business ( 10:15 a.m.)

[angelatc]

No, there's no live feed that I know of.

[angelatc]

on now

[sailingaway]

Dang. Tried to find a link but didn't, and he's probably over by now.

Post the tube, someone?

[tsai3904]

YouTube - Fox Business December 10 2010 (http://www.youtube.com/watch?v=-ei3iSNdy2E)

[sailingaway]

YouTube - Fox Business December 10 2010 (http://www.youtube.com/watch?v=-ei3iSNdy2E)

Thank you for posting!

[Lucille]

WHAT?! The filthy Fed is buying municipal bonds as an end-run around Congress to bail out the states?!

Why do we even HAVE a CONgress?! Just let the bureaucracies and the Fed run everything, while the executive branch signs EOs!

Ugh!

[Lucille]

Bernanke Plays Politics, Loses (http://www.zerohedge.com/article/bernanke-plays-politics-loses)


Unbelievable. The Fed has skewed the data to make a case that the tax subsidy for BABs is not leaking out of the country. You can bet that the Democratic supporters pushing for a BABs extension will be waving this “timely” Fed report to make their case.

The Fed wants BABs because it facilitates debt creation by munis. The Fed wants as much new debt as possible as we all know that Debt=Growth and the Fed is desperate for some growth. So they spin a report to support their objectives. What a way to run a country.

There is still uncertainty on BABs. Possibly the new Fed report will shift some votes. But one outcome is certain. The Republican leaders are not blind. They will see that the Fed attempted to manipulate the outcome. I doubt that those folks want the Fed playing in their sandbox. I would imagine they are a bit miffed at the timing of the report. So look for some payback on this. Ben is going to get raked over some Congressional coals as a result of his meddling. I can’t wait.
[...]
by Bruce Krasting
on Fri, 12/10/2010 - 12:38
#796044

Good question. We will find out soon. It still comes back to the fact that Blue states win at Red state expense. So Congress is conflicted.

There is one alternative that scares the hell out of me. The Fed steps in and makes the "apolitical" choice of just buying up State muni bonds.

In my view that would be the end of the world as we know it. But I still would not count that out.