Instead Of Warning Us, They Profited!
When our public officials met to discuss the C word… what did they do first? Well they called their financial advisors and had them dump massive amounts of stock based on information given to them behind closed door hearings. Tim and Luke also discuss how the Federal Reserve is on track to own the world. The FED has recently launched programs to buy Muni bonds and former FED Chairmen are calling for the FED to buy corporate bonds.
The guys also discuss the airline stock buyback schemes that have been going on as well as a lot of other crazy news including how the FED launched a $107 Billion Dollar QE yesterday!