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To: Thermalseeker
Likely being done so that it won't look so bad when no one buys our debt (again)...

Aren't we "buying" some of our own debt?

37 posted on 06/06/2010 11:38:22 AM PDT by GOPJ (http://hisz.rsoe.hu/alertmap/index2.php?area=dam&lang=eng)
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To: GOPJ
Aren't we "buying" some of our own debt?

Laundering money printed by the Fed is a better term. Essentially, what the Fed is doing is loaning big banks large sums of money at zero percent interest. The banks in turn buy T-bills with 3% return. Is it any wonder that banks are not lending money? They're getting a 3% return with little or no short term risk. I'd take those odds......

56 posted on 06/07/2010 5:21:40 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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