The banksters in Europe are not done fleecing the American middle class. There is more money to be pulled back into the banks and out of the pockets of the American public.
The privately owned European controlled Federal Reserve Bank of the United States mouthpiece Bernake said recently that they would not buy back the debt due to the damage it can do to the U.S.A. but his word is not something that he keeps I guess.
There is so much spin and B.S in this article that it boggles the mind. Here is just one example.
SPIN:
The money involved is unclear. In March, the Federal Reserve Bank of New York estimated that at least $200 billion of the mortgage-related securities and debt would mature or be prepaid by the end of 2011.
TRANSLATION: Foreclosures will increase and the banks will take over the properties causing the loans to be classified as prepaid.
If you really want to know what is going on just google “liquidity trap”
via Saying Recovery Has Slowed, Fed to Buy U.S. Debt – NYTimes.com.