|
Fed Tries to Hide Money Printing Operations.
Instead of buying 7 year treasuries outright,the Federal Reserve bank apparently induced its primary dealers to buy up the debt, then less than a week later, the Fed buys those very treasuries and places them in its balance sheet.Only a day before that event, a similar sale of 5 year debt went very poorly, suggesting that the Fed subsequently went to its primary dealers to arrange a demonstrate of "strong demand" for US government debt. Instead of having "strong demand:" for US debt, the Fed effectively printed $14 billion and did it on the sly. Posted by: badanov 2009-08-07 |
| http://www.rantburg.com/poparticle.php?ID=276042 |