Federal Reserve Will Continue to Pump More Money Into the Equity Bubble

According to accounts of the minutes, not only are they not looking at winging down their sh$%pile for cash program, but there are a number of members who want the program expanded. (See also here and here)

Unfortunately, boosting stock prices by giving money to banks for worthless assets does not get people back to work, and it could be argued that it creates the illusion of a recovery that makes banking reform that much more difficult.