Rick Santelli Takes Down Steve Liesman Regarding Fed Forecasts

[Dactuck]

The actions of the FED and the ECB, reflect the insolvency of the large-cap banks, both in America and Europe. The bad assets on their leveraged balance sheets, have made it necessary to keep the cost of capital low, and to reduce the quality of living for non-financiers. This has nothing to do with lowering borrowing costs for American and European citizens. It is another monetary bailout for the bankers, on the backs of the average citizen.

[mcoop221]

Why don't these guys show the old forecasts from the Fed?

[RandallSteen]

The politbureau works for the blue blood banks. They get what ever they want. It is not capitalism!

[optionsupdate]

why does LIESman keep lying,