If you ever suspected the financial game was rigged against you and in favor of the elitist banksters, new evidence has emerged that you are absolutely correct. WSJ's Susan Pulliam reports on the edge Fed chairman Ben Bernanke and other Fed officials are giving the insider elitists. Read this and weep:
Hours after an Aug. 15 meeting with Federal Reserve Chairman Ben Bernanke in his office, Nancy Lazar made a hasty call to investor clients: The Fed was dusting off an obscure 1960s-era strategy known as Operation Twist.
The news pointed to a boom in long-term bonds.
It was a good call. Over the next five weeks, prices on 10-year Treasury bonds soared, offering double-digit returns in an otherwise dismal year.
By the time the Fed announced its $400 billion Operation Twist on Sept. 21, the window for quick profits had all but slammed shut.
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