Fed Audit Shocker: They Come from Planet Klepto

The Fed is driving the U.S. into a 2nd depression in order to carry out its one and only remit now that America's ability to produce real jobs has been reduced to ash, namely, propping up criminal banks with multi-trillion-dollar giveaways.

As it turns out, the Federal Reserve never intended to unwind the radical balance sheet expansion it began 7 years ago at all, as one of the central purposes of the Fed programs--aside from enabling broke banks to erect an illusion of solvency big enough to justify bonuses--was to cover up the very Wall Street crimes that caused the meltdown of 2008 in the first place.