Did anyone see this :

http://www.zerohedge.com/article/exclusive-feds-600-billion-stealth-bailout-foreign-banks-continues-expense-domestic-economy-

Basically it is saying that almost all the fiat generated in QE2 has been used to bail out foreign banks! $600+Billion. The implications are huge, one of which is now even the US mega banks, which we thought were all cashed up and not lending, are in fact not so fat and happy. I think this piece of news virtually guarantees QEwhatever, in whatever guise.

C