The line of the day comes from Chris Whalen, writing at Reuters.com here about the damage the Fed's zero interest rate policy is doing to the country:
Fed Chairman Bernanke and the other members of the FOMC are killing the real economy to save the banks — but none of the benefit flowing to the banks is reaching US households. In fact, the Obama Administration has been providing political cover for the Fed to conduct a massive, reverse Robin Hood scheme, moving trillions of dollars in resources from savers and consumers to the big banks and their share and bond holders.
Read the rest at the link, at your peril.
