Aug 26, 2010 at 6:12 PMPOMO: Federal Reserve buys $1.42 billion of Treasuries
NEW YORK, Aug 26 (Reuters) - The Federal Reserve bought $1.42 billion of U.S. Treasury debt maturing from November 2021 through November 2039 on Thursday, the New York Fed said in a statement. Dealers submitted $8.46 billion of Treasuries for consideration in the purchase, the New York Fed said. The Fed has said it intends to buy about $18 billion of Treasuries from mid-August through mid-September using the proceeds from maturing agency bonds and mortgage-backed securities, in an effort to keep steady its holdings of domestic securities.
Quantitative easing v. 2.0 has begun.
Awesome Santelli Rant: "The Government Can't Fix The Housing Problem! No More FED Money!" (VIDEO)
New clip, not posted here before. Check the expression on Santelli's face in the screenshot. Extend and pretend ponzi pie. Shut up and eat it.
Newest FED Proposal To Bankrupt America: Blanket Government Guarantee Of Auto Loans & Credit Card Debt
The Fed is circulating a new paper calling for a blanket government guarantee of the entire asset-back securities market. Trillions in personal loans could soon have the explicit backing of sweet Uncle Sam Uncle Sugar.
