Over at the ticker forum, Karl Denninger just posted an interesting theory that the Federal Reserve (via "currency swaps" with other foreign banks just bailed out Greece and the rest of Europe to the tune of $500 billion dollars out the back door.
Regardless what it really was, the fact that the Federal Reserve can write a 1/2 Trillion dollar check backed by the US Taxpayers is just wrong.
Let's make Ron Paul president already.
And the band played on...
