Stock Market Dives, And A Warning From Carl Icahn. By Gregory Mannarino

Back in 2008 all delinquent mortgages could have been paid off completely with a one time charge of 150 billion dollars not 28 trillion. The 2.8 trillion of excess reserves currently held at the Fed should have been placed within the real economy not gigging the taxpayer for unnecessary interest payments. It is clear that previous Fed decisions have baked in the cake the destruction of the American economy so todays decision was irrelevant. This entire mess was so predictable, unnecessary and tragic. We are facing a financial Fukushima where nothing can prevent the inevitable.