Jim Grant: "The Fed Is Now In The Business Of Manipulating The Stock Market

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Jim Grant: "The Fed Is Now In The Business Of Manipulating The Stock Market

posted on Jan 30, 2011 10:38PM

The New York Branch of the Fed is leveraged more than 80 to 1. Meaning, that a loss of asset value of less than 1.5% would send it into receivership if it were a different kind of institution...

http://www.zerohedge.com/article/jim-grant-fed-now-business-manipulating-stock-marketshould-confess-it-has-sinned-grievously

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