JDA: Morons Want QE 2 To Do More, Clever Fedheads Know It Will Do Less
Junior Deputy Accountant lays it out in her distinctively-salty voice, while actually giving praise to a particular FedHead.
You'll recall that same FedHead's 2008 speech, I hope.
$99.2 trillion in unfunded FedGov liabilities back then, and that was prior to TARP, Porkulus, Obamacare, and all the rest.
When you look at the image above, what do you see?
No one who survives is going to be able to forget it.