The U.S. Federal Reserve gave $600 billion to Foreign Banks in Seven Months

[Alex Colter]

 "In summary, instead of doing everything in its power to stimulate reserve,
and thus cash, accumulation at domestic (US) banks which would in turn
encourage lending to US borrowers, the Fed has been conducting yet another
stealthy foreign bank rescue operation, which rerouted $600 billion in
capital from potential borrowers to insolvent foreign financial institutions
in the past 7 months. QE2 was nothing more (or less) than another European
bank rescue operation!"

The Fed's $600 billion stealth bailout of foreign banks continues at the
expense of the (U.S.) Domestic Economy, Or Explaining Where All the QE2
Money Went<http://www.zerohedge.com/article/exclusive-feds-600-billion-stealth-bailout-foreign-banks-continues-expense-domestic-economy->

Propinquities Pynchonian? PIIGS, I have just learned, is an acronym coined
to refer to Portugal, Ireland, Italy, & Spain ( I have also recently learned
that a pig's orgasm lasts 30 minutes, O' Internet!)
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