Judge Napolitano>"Fed Will Prevent Default"

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#1 Thu, Jul 28, 2011 - 1:56pm
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Black Hole Sun
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Judge Napolitano>"Fed Will Prevent Default"

https://www.foxbusiness.com/on-air/varney-co/index.html#/v/1084496520001...

Short vid will get you thinking what the Fed. is capable of.

If they backstopped and bailed out the entire planets banking system with tens of trillions of USD, why couldn't they do what Judge Napolitano lays out in this vid?

Edited by: ¤ on Nov 8, 2014 - 5:22am
Thu, Jul 28, 2011 - 3:35pm
llaettner
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Mr. Fed will pay our debts from its balance sheet

I agree, the Fed has, last I checked, 2.8 Trillion in its black bag and will front some to the Treasury if needed, no sweat. . .