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To: FromLori
It is also buying $30bn of Treasuries a month as it reinvests principal payments from its large holdings of mortgage debt and debt issued by government housing agencies – a programme dubbed QE lite.

$30 billion a month from the $1.11 trillion worth of securities you previously called toxic junk? At that rate, the Fed will get all their money back in only 3 years.

I guess your original claim was wrong.

30 posted on 02/03/2011 2:35:51 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Get over yourself Timmy if you actually ever read anything correctly (like this article) to begin with before running off at the mouth you might learn something.


31 posted on 02/03/2011 2:45:10 PM PST by FromLori (FromLori">)
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