Fmr. Goldman Sachs, Citigroup employee CNN's Erin Burnett Makes Misleading Claims About Federal Reserve

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Fmr. Goldman Sachs, Citigroup employee CNN’s Erin Burnett Makes Misleading Claims About Federal Reserve


Fmr. Goldman Sachs, Citigroup employee CNN’s Erin Burnett Makes Misleading Claims About Federal Reserve

HuffPO-

CNN anchor Erin Burnett claimed Friday that the Federal Reserve is spending money wastefully, but that’s not exactly true.

“$1 million per job. That’s what America’s top money man says we’ve spent on stimulus from the Fed alone,” Burnett said on her CNN show “OutFront” on Friday.

“That is not a cheap cost per job,” Burnett said. “For those who are keeping track, we are not counting the president’s extra $2 trillion or so in stimulus in that money. Just the Fed’s money divided by the number of jobs.”

[HUFFINGTON POST]

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2 Responses to “Fmr. Goldman Sachs, Citigroup employee CNN’s Erin Burnett Makes Misleading Claims About Federal Reserve”

  1. Charles Reed says:

    She is telling it correct as the Fed cannot print up $2.3 trillion in new monies without the OK and direction of the White House. The Fed does print our money which is weird as we can print are own, as the Fed make money off our money.

    What the Fed did do is print money they did not have just check the Fed assets at the time it printed this money.

    The Fed created a bailout for the rich by buying these mortgage backed securities that made the Prime interest rate artificially lower that really only the rich & upper middle class had access to where the folk America needed the most to refinance there mortgage debt were shut out because the properties where underwater due to the banks lending practices.

    So she is right in her claim but the Federal Government is trying to divert the truth, as you cannot put $2.3 trillion dollar into the system and not have it devalue what already there!

  2. Sarah says:

    Reed you’ve been brainwashed by the con jobs who don’t care if people are homeless and starve in the street. This is the “spending” the con jobs object to. If the spending is to fatten their own wallets, it’s fine, they’ll never mention it.
    It’s a big lie by the Banksters, it’s the same lie used to prevent any help to homeowners.
    How much do you think the Fed has given the Banksters? Not just TARP, but all of it? Hear them printin’ presses goob? We can spend our way out of this hell, that’s the only way to get people working, but that would hurt Wall Street, the Banksters, and the Nooze Networks they pay for.

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