Going bankrupt? No problem

[I Love America]

http://www.cnbc.com/id/41198789

Just make your own accounting rules and POOF! they magically go away.

BTW, for the financially challenged left wingers, when they say Treasury, they mean US gobblement which means US taxpayers.

So with the stroke of a pen, the Federal Reserve just shifted all of its liabilities to the US Taxpayer.

Grand isn't it?

 

[Rush's Anal Boil]

http://www.cnbc.com/id/41198789

Just make your own accounting rules and POOF! they magically go away.

BTW, for the financially challenged left wingers, when they say Treasury, they mean US gobblement which means US taxpayers.

So with the stroke of a pen, the Federal Reserve just shifted all of its liabilities to the US Taxpayer.

Grand isn't it?

Should there be "regulations" against this sort of practice?

 

[I Love America]

Should there be "regulations" against this sort of practice?

Regulate the federal gobblement? Really douchebag? You sure a smart one arentcha?

So your solution is to have the wolves guard the henhouse? Brilliant.

Nope, the only soution is to end the Federal Reserve.