Terrific article on implications of Bank Bailout

[classhandicapper]

Not only did the Fed print money to buy all the bad assets on the banks balance sheets. The proceeds from those purchases became excess bank reserves deposited at the Fed on which taxpayers are paying interest. Rates are low now, but they may not stay that way.

You can get to this article via Drudge if you don't have an account.

(INFLATION NIGHTMARE: Fears at Fed of rate payouts to banks...)

http://www.ft.com/intl/cms/s/0/9b245cd6-79e1-11e2-b377-00144feabdc0.html#axzz2LMxq0z6C