To the Valley News:
So mortgage defaults are on the rise. The Federal Reserve is going to purchase $40 billion in mortgage dept. per month, $480 billion per year from the big banks. They will be printing new money to pay for this (out of thin air!). Sounds like a yet another (stealth) bank bail out to me. Snookered again!
Tell your Senators you support a full audit of the Federal Reserve.
Tim Sherman, Westport