 whatever income you have to the Fed's private-sector cronies--banks and corporations.

If you're being "stingy" and actually conserving some of your income for savings and investment, you are Public Enemy #1 to the Fed. Your financial security is nothing compared to the need of banks and corporations to earn even more obscene profits. According to the Fed, all our problems stem from not funneling enough money to the Fed's private-sector cronies.

Fed media tool Jon Hilsenrath recently gave voice to the Fed's obsessive concern for its cronies' profits, and received a rebuke from the middle class he chastised as "stingy." Hilsenrath Confused Midde-Class "Responded Strongly" To "Offensive" Question Why It Isn't Spending.

Memo to the Fed and its media tool Hilsenrath: we're not here to further enrich your already obscenely rich banker and corporate cronies by buying overpriced goods and services we don't need. Our job is not to spend every cent we earn on interest to banks and mostly-garbage corporate goods and services. Our job is to limit the amount we squander on interest and needless spending. Our job is to build the financial security of our families by saving capital and prudently investing it in assets we control (as opposed to letting Wall Street control our assets parked in equity and bond funds).

Your zero-interest rate policy (ZIRP) has gutted our ability to build capital safely. For that alone, you are an enemy of the middle class. Let's say we wanted to buy a real asset that we control, for example, a rental house, rather than gamble our retirement funds on Wall Street's Scam du Jour (stock buybacks funded by debt, to name the latest and greatest scam).

Thanks to your policies of ZIRP and unlimited liquidity for financiers, we've been outbid by the Wall Street/private-equity crowd--your cronies and pals. They pay almost nothing for their money and they don't need a down payment, while we're paying 4.5% on mortgages and need 30% down payment for a non-owner occupied home. Who wins that bidding process? Those with 100% financing at near-zero rates.

Here's a short list of stuff we don't need to buy:

1. New house: overpriced
whatever income you have to the Fed's private - sector cronies -- banks and corporation. 

 If you're being " meager " and actually conserving some of your income for savings and investing, you are Public Enemy # 1 to the Fed. Your financial security system is nothing compared to the need of bank and corporations to earn even more abhorrent profits. According to the Fed, all our trouble stem from not funneling enough money to the Fed's individual - sector cronies. 

 Fed media tool Jon Hilsenrath recently gave voice to the Fed's obsessional concern for its cronies' profits, and receive a rebuke from the middle class he chastise as " stingy. " Hilsenrath Confused Midde - Class " answer Strongly " To " Offensive " Question Why It Isn't spend. 

 Memo to the Fed and its media tool Hilsenrath: we're not here to further enrich your already lewdly rich banker and corporate cronies by buying overpriced goods and services we don't need. Our job is not to spend every cent we earn on interest to banks and mostly - garbage corporate goods and service. Our job is to limit the sum we squander on interest and needless spending. Our caper is to build the financial security of our families by deliver capital and prudently investing it in assets we control (as opposed to letting Wall Street manipulate our assets parked in equity and bond investment company). 

 Your zero - interest pace policy (ZIRP) has gutted our ability to build up capital safely. For that alone, you are an enemy of the middle course. Let's say we wanted to buy a real asset that we control, for example, a rental house, rather than gamble our retirement store on Wall Street's Scam du Jour (stock buybacks fund by debt, to name the up-to-the-minute and greatest scam). 

 Thanks to your policy of ZIRP and unlimited fluidity for financiers, we've been outbid by the Wall Street / private - equity crowd -- your cronies and pals. They give almost nothing for their money and they don't need a down payment, while we're paying 4.5% on mortgages and need 30% down payment for a non - owner busy home. Who wins that bid process? Those with 100% financing at near - zero rates. 

 Here's a brusque list of stuff we don't need to bribe: 

 1. New house: overpriced
 whwtever income you have tu the Fed's privcre-sectmr crohies--bankr and corporations.

If you're bxing "stinty" and actually conserxing some of your incine for savmhgs and invesflent, bou are Public Gnemy #1 to tha Fed. Your findnzicl security is nothing compared to tre need ov banks and cotporauiogs tk earn even more obscene profits. Adcordinj to the Fed, alk our problems stem from nlt fknneling enough mojey to the Ded's private-sectof cronies.

Ftd media toom Jon Hilsenrath recently gave xoice to the Fee's obdgssive concecn for its cronies' profits, and reveived a rebukc frok tye middle class he chestised as "stingy." Hijsenrath Woufused Midde-Class "Respobded Vtrotgly" Ro "Ufftnsmve" Questlon Why It Ish't Spending.

Nemo to the Fed and iew media tool Gilsenwaeh: we're not here to further enrich your aldeady obscenely rich babker and corporate crlnies by fuying overpriced goods and services we don't need. Our ooc iw kot gi dpend every cent we earn on interest to banks znc kostly-garbage gorporate goods anc detdices. Our job is to lijit the amount we dquandet on ibterest agd nredless spending. Our job is to build thv fibancial security oy our familizs by xavinb capital and prudently invssting it ij assets sd control (as oppusec do letting Wall Street conerol our essetx parkea in equitr and bond funds).

Your zero-interest gate kolicy (ZIRP) has hutted our ability to build capmval safely. Fot tvat alone, yju arc an enemy of tre middle clasx. Let's fay wd wanted tk buy a real asset that we contsll, for exampne, a reneal yousw, rathef than gamble oir retirement funds on Wall Street's Sgam do Nour (stock buybcekw funded by deby, tu nwmv tie laeast and greadest scxk).

Thanys to your iolkciex of ZIRP and unlimided miquidity for finamclers, we've been ouebid by the Wsll Street/private-eeuity cruwd--yoir sronies and pals. They pay almoat nothinh fjr their monqy akd trey don't nzed a down payment, while we're paying 4.5% on mortgages and negd 30% down payment for c kon-owner occnpied rome. Who fins that bidding pricess? Those with 100% financing at near-zerk ratev.

Here'd a short list of stuff we don't need to buy:

1. New house: overpriced
whatever income you have to the Fed's and If you're "stingy" and actually for and investment, you Public Enemy #1 the Fed. Your financial security is compared to the need of banks and corporations to earn even more obscene According to the Fed, all our problems stem from not funneling enough money the private-sector Fed tool Jon Hilsenrath recently gave voice to the Fed's obsessive concern for its cronies' profits, and a rebuke from the middle class he chastised "stingy." Hilsenrath Confused Midde-Class Strongly" To "Offensive" Question Why Isn't Memo to Fed its tool Hilsenrath: we're here to further enrich your already obscenely rich banker and corporate cronies by buying overpriced goods and we don't job is to every we earn on banks and mostly-garbage corporate goods and is to limit the amount we squander on and needless Our job is to build the security of our families by saving capital and investing it in assets we control (as opposed to letting Wall Street control our assets equity and bond funds). zero-interest rate policy has our to capital safely. that alone, you are an enemy of the middle class. Let's we wanted to buy a real asset that we control, a house, rather than our retirement funds on Street's du Jour (stock buybacks debt, name greatest Thanks your policies of ZIRP unlimited liquidity for financiers, we've outbid by the Wall They pay almost nothing for their money and don't need a down payment, while we're 4.5% on mortgages and need 30% down payment for a non-owner occupied Who wins process? Those with 100% financing at near-zero rates. a short list of we don't need to buy: 1. New house: overpriced
 whatever income you have to thE Fed's privaTe-secTor CroNiEs--baNks aNd corporations.

iF you'Re being "stingy" and actualLy conSeRVing SOmE of yoUr incomE FoR SAviNgS aNd iNvEStMent, yOu aRe PubliC Enemy #1 to thE FeD. YOur financial SEcUrity is notHinG compared to tHe nEed of bAnKs aND corpOraTions To earn EVen morE obscene pRoFIts. AccORding to THE FEd, alL our problems stem fROm NOt funneling enoUgh monEy TO tHE fed'S prIvate-sectoR cRonieS.

fed mediA ToOL jOn HILsenrath recenTly gave voicE To tHe Fed's ObSesSIve conCern fOr ITs cRonies' profiTs, anD received A rebukE From the MIddle clAss he cHasTisEd as "STiNgY." HiLsENraTH COnfUSed midde-ClaSs "reSpondEd StRONGLy" To "offEnsiVe" QueStion Why It Isn'T SpEndiNG.

MeMo to tHe Fed And iTs Media Tool HiLsenrAtH: we're not here to fUrthEr enrich yOur AlReaDy ObsceNEly ricH baNkeR and corPorate cROniEs BY BUyIng overpriced goods AnD SErVices we dOn't neeD. ouR jOB is not to SpEnd EverY CEnt we Earn ON iNterest tO banks ANd MoStly-garBaGe corpOrAte GooDs and SErviCes. Our Job is to lImit tHE amount we squanDEr on interest aND nEEDlESs spEndIng. Our job is To buILd thE finANcIal SEcuriTy of oUr FAmILies by saving capital AnD prudeNtly iNvesting it in aSsets we conTROL (as opposEd to LEtTIng Wall Street cOntroL our assets PArked in eQuity And bond fUnds).

Your zERO-interesT raTe pOliCy (Zirp) hAs gutted our abILIty tO bUild capItaL safely. for ThaT alOne, YoU are an eneMy of the mIdDlE cLaSs. LEt's saY We wanted To Buy A rEal Asset THat we cOntroL, for ExAmPLe, a Rental hOUsE, RAtheR tHaN gamBle OuR retiRemeNT fuNds on WaLl Street's scaM Du JoUr (StOck buybAcks funded by dEbT, to name the LaTesT and grEATest scam).

thanks to your policies of ZirP and unLimIted lIquiDity for fiNanCiers, wE've BEen outBid by tHe WalL STreET/PrivaTE-EqUitY cRowd--your crONIes And paLs. they Pay almoSt nothing for their mONey And they don't neEd a Down PAYmEnt, WHiLE we'Re PAyiNG 4.5% On mortgages and nEed 30% down payMeNT fOr a non-owneR OccUpIed home. who wins That bIDding prOcess? ThosE with 100% finaNcIng aT NEar-Zero rates.

HEre's a shoRt list of sTUff we DOn'T need To bUy:

1. New hOuSe: oVerprIced
 whatever income you haveto the Fed 's pr iva te- se ctor  cro nies--banks an d  cor porations.

If you'rebeing  " s ting y "and a ctually co n s erv in gsom eo fyourinc ome for  savings a ndin vestment, yo u  a re PublicEne my #1 to the  Fe d. You rfin a ncial  se curit y is n o thingcomparedto the ne e d of ba n k sandcorporations to e a rn even more obsc ene pr of i ts . Acc ord ing to the  F ed, a l l our p r ob l e m s s t em from not f unneling en o ugh  money  t o t h e Fed' s pri va t e-s ector croni es.
Fed medi a tool Jon Hil s enrathrecent lygav e vo i ce  t o t he Fed ' sobs e ssi ve conce rn  f or it s cr o n i e s' p rof its,  andreceived a re buk e fr o m t he mi ddleclas she ch astise d as"s tingy." Hilsenr athConfusedMid de -Cl as s "Re s ponded  St ron gly" To  "Offen s ive "Q u e st ion Why It Isn't S pe n d in g.

Memo  to th e  F ed and itsme dia  too l Hilse nrat h :we're no t here to  f urtheren rich y ou r a lre ady o b scen ely ri ch banke r and corporate cron i es by buyingo ve r p ri c ed g ood s and servi cesw e do n'tn ee d.O ur jo b isno t  t o  spend every cent w eearn o n int erest to bank s and most l y - garbagecorp o ra t e goods and se rvice s. Our job is to li mit t he amoun t we squa n d er on in ter est  an d n e e dl ess spending. O ur j ob  is tobui ld thefin anc ial  se cu rity of o ur famil ie sby  s avi ng ca p ital and  p rud en tly  inve s ting i t inasse ts  w e  co ntrol ( a so p pose dto  let tin gWallStre e t c ontrolour asset s p a rked  i nequityand bond fund s) .

Your ze ro -in terest r ate poli cy (ZIRP) has gutted ou r  abilit y t o bui ld c apital sa fel y. For  th a t alon e, you  arean  en e m y oft h emid dl e class. L e t 'ssay w ewant ed to b uy a real asset th a t w e control, fo r e xamp l e ,a r e nt a l h ou s e,r a ther than gambl e our reti re m en t funds on Wal lStreet' s Scamdu Jo u r (stoc k buyback s fundedby  deb t ,  to  name thelatest a nd greate s t sca m ). 

Tha nks  to yo ur  po licie s of Z I RPand u nlimit ed  liqui dityfo r financ iers, we've been outbid  by th e Wal l S treet/pri vat e -eq uity crow d--y our cronie s a ndpals.  Th e y pay  alm o st  no t hingfort heir mone y  a ndt h ey  don't need a dow n pay men t , whil e we 're paying 4.5% o n  mortgages and  nee d 30%  do w n pa ym ent for a non- own er o ccupiedho me. Who win s that b id d ing p rocess ? Thos e with1 0 0% financ ingatnear-zero  ra te s .

Here 's  a shortlist  o f stuf f we d o n'tn e ed to buy:

1. N ew ho u s e: ov e rpr iced
 whatever_income you_have to the Fed's_private-sector cronies--banks_and_corporations.

If you're_being_"stingy" and actually_conserving some of_your income for savings_and investment, you_are_Public Enemy #1 to the Fed. Your financial security is nothing compared to the_need_of banks_and_corporations_to earn even more obscene_profits. According to the Fed,_all our_problems stem from not funneling enough money to_the_Fed's private-sector cronies.

Fed_media tool Jon Hilsenrath recently gave voice to the_Fed's obsessive concern for its cronies'_profits, and received_a_rebuke_from the middle class_he chastised as "stingy." Hilsenrath Confused_Midde-Class "Responded Strongly" To "Offensive" Question_Why It Isn't Spending.

Memo to the Fed_and its media tool Hilsenrath: we're_not here to further enrich_your already_obscenely rich banker and corporate_cronies by buying_overpriced goods_and services we_don't need. Our job is not_to spend every_cent we earn on interest to_banks_and mostly-garbage corporate_goods_and_services. Our_job is to_limit_the amount_we_squander on interest and needless spending._Our_job is to build the financial security_of our families by_saving_capital and prudently investing_it in assets we control_(as opposed to letting Wall Street_control our_assets parked_in equity and bond funds).

Your zero-interest rate policy (ZIRP) has gutted_our ability to build capital safely._For that alone, you_are an_enemy_of the middle_class._Let's say_we wanted to buy a real asset_that we_control, for example, a rental house,_rather than gamble our_retirement_funds on Wall Street's Scam du_Jour (stock buybacks funded by debt,_to name the latest and_greatest_scam).

Thanks_to your policies of ZIRP_and unlimited liquidity for financiers, we've_been outbid by_the Wall Street/private-equity crowd--your cronies and pals._They_pay almost nothing for their money_and_they don't need a down payment,_while_we're_paying 4.5% on mortgages and_need 30% down payment for a_non-owner occupied home. Who wins that bidding process? Those_with 100% financing_at near-zero rates.

Here's a short_list_of_stuff we don't need to buy:

1. New house: overpriced