[Toddsterpatriot]

The fed has boosted the value of the underlying asset by being a buyer (financier) for crap that leveraged holders are choking on.

You know the difference between the Fed buying an asset and the Fed loaning money for 30 days on an asset?

[nj_pilot]

You know the difference between the Fed buying an asset and the Fed loaning money for 30 days on an asset?

But of course. And you are not so naive as to be blind to the *huge* change in value if all of a sudden an asset you were unable to finance can now be financed. sheesh. Mr. market will not lend you money to finance a crappy asset. But helicopter ben will. As I said in my first post, it's welfare for the wealthy.