Debt Rattle, April 16 2008: Witnessing madness

D'oh Ilargi: I read yet another article this morning saying that the Fed is the lender of last resort in the US. That is not true, not anymore. The Fed�s plans, announced last week, that will see it borrow from the Treasury to keep its reserves above water, mean that the American taxpayer is now the lender of last resort. I don�t want to become a bore and repeat myself all the time, but this I