Alstry's Thesis is Simple
Credit Default Swaps incentivized the banks to write bad loans.
The Fed was aware of this...
Between 2002 and 2008...probably 80% of current outstanding debt was issued infecting our nation with a debt load that simply can't be paid back.
The Fed is aware of this.....
As are result of an inability to service debt, America's economy is suffocating and shutting down
The Fed understands this.....
Alstry has written thousands of blogs and comments documenting the shutting down of America and the fallout from credit default swaps
The Fed already had this data
Instead of restructuring the debt to eliminate most of the toxic loans, the Fed chose only to bail out the banks who created the problem in the first place leaving the massive debt load to economically destroy our cities, schools, states, hospitals, families, and business.
It appears this was the Fed's goal either intentionally or recklessly.
After all the lessons learned, banks are starting to underwrite billions of junk loans again further infecting our nation with more toxic debt
The Fed seems to be cheering this on by comission or omission
If nothing is done to stop this behavior, of allowing banks to profit from destroying the American economy, soon there will be no economy.
MAYBE THIS IS THE FED'S GOAL?