Whose $38-Billion Is The Feds Pumping Up The Stock Market With

OK- so now all the million and billionaires are nervous. The stock market has seemingly burst that false bubble it's been growing.

But someone explain this- what the AP reports- to me: "The Fed added $19 billion in liquidity to the market Friday morning, then another $16 billion and, in mid-afternoon, $3 billion."

Who the Hell's billions are those? Taxpayer money? If so- why not bail out the poor TAXPAYERS directly?

Please- someone who knows more about high finance than moi explain this cozy-sounding arrangement.

______________