Wednesday, January 05, 2011

Who Cares?

I'm certainly not a fan of the fact that the Fed has printed up a bunch of money and lent it to banksters with crappy collateral for free, largely because I think they should have, you know, lent it to people like me for free conditional on my paying my mortgage, or just printed it up and dropped it from helicopters, but it really doesn't matter if the Fed loses money. They can always print more!