QE Two for Wall Street, QE Who? for Main Street. Once again your money's going to bail out the banks, not you or your state.AND IT'S YOUR MONEY!

"The Federal Reserve was set up by bankers for bankers, and it has served them well.

"O

ut of the blue, it came up with $12.3 trillion in nearly interest-free cr

edit to bail the banks out of a credit crunch they created. That same credit

crisis has plunged state and local governments into insolvency, but the Fed has now delivered its ultimatum: there will be no “quantitative easing” for municipal governments." - Ellen Brown.

On January 7, according to the Wall Street Journal, Federal Reserve Chairman Ben Bernanke announced that the Fed had ruled out a central bank bailout of state and local governments. "We have no expectation or intention to get involved in state and local finance," he said in testimony before the Senate Budget Committee. The states "should not expect loans from the Fed."

Read the whole story here, "Congress is owned by the banks": How the Federal Reserve is "the bankers’ own private club, and its legal structure keeps all non-members out."