The Fed turns to the Treasury
2008-09-18 12:59:24.866996+00 by Dan Lyke 1 comments
Treasury to provide cash to Fed market liquidity operations, or, as John Robb put it:
The US Treasury moves to bail out the Federal Reserve.
2008-09-18 12:59:24.866996+00 by Dan Lyke 1 comments
Treasury to provide cash to Fed market liquidity operations, or, as John Robb put it:
The US Treasury moves to bail out the Federal Reserve.
[ related topics: Economics ]
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#Comment Re: Phoney Money made: 2008-09-18 13:37:59.872783+00 by: jeff [edit history]
It's simply funny money chasing phoney money, multiplied by orders of magnitude by such exotic investment instruments as derivatives, and the like. Fueled by abject greed, blind ambition and destructive speculation.
And the taxpayer pays the ultimate price.