Mish's Global Economic Trend Analysis: Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed; Why the Fed Does Not Want an Audit; America is Wall Street's Sucker

Mish's Global Economic Trend Analysis: Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed; Why the Fed Does Not Want an Audit; America is Wall Street's Sucker

I wonder how many times this will happen in Canada? How many of those MBS or other assets worth $70Billion of notional value that the Bank of Canada bought off the banks last year look like this? Hrm...