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To: AndyJackson
Every time the federal reserve provides liquidity to its primary dealers, it is transferring wealth at highly preferential rates to inside parties.

When the Fed buys Treasuries from a Primary Dealer, they pay cash. How can you claim they're charging a preferential rate? Only someone who is too stupid to know the difference between a purchase and a loan would say that.

I guess the spectators now see that you are a moron. So whine some more, you're better at that then discussing Fed policy.

96 posted on 11/20/2007 6:55:20 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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To: Toddsterpatriot

You are the one who is confusing treasury purchases, repos, and federal funds transactions and throwing up a cloud of dust.


99 posted on 11/20/2007 7:03:25 PM PST by AndyJackson
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To: Toddsterpatriot
I guess the spectators now see that you are a moron.

Well if that is the case that is the case. You still have yet to say something intelligent to enlighten the rest of the folks here on the present predicament, except to deny there is any problem whatsoever. I wonder if Rubin agrees with your assessment from his lofty perch.

101 posted on 11/20/2007 7:06:06 PM PST by AndyJackson
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