To: plain talk
It rose because the Fed was injecting 85 Billion a month into Wall Street by buying mortgage backed securities. As of last April, it had 4.5 trillion on its balance sheet.
10 posted on
01/25/2017 7:35:13 AM PST by
BradtotheBone
(Record number of people on welfare. That's the State of the Union under Obama.)
To: BradtotheBone
“the Fed was injecting 85 Billion a month into Wall Street by buying mortgage backed securities.”
Perhaps more accurately referred to as “throwing our money away on Keynesian stupidity.”
18 posted on
01/25/2017 10:03:51 AM PST by
dsc
(Any attempt to move a government to the left is a crime against humanity.)
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