Guilt By Association
Since the Fed is accepting any collateral (boat loans or junk mortgages)
for treasury bonds at the window, doesn't this soil the value of the treasuries?
Answer: Yes it does. Bond traders are finding there is nothing special about Treasuries anymore,
now that the Fed accepts substitutes for government securities as collateral.
Read how Bernanke has made both the dollar and now bonds casualties to bail out Paulson's Wall Street and the Fed's banking friends.
And how the printing presses and helicopter drop are waiting in the wings.
Hattip to Bloomberg
for treasury bonds at the window, doesn't this soil the value of the treasuries?
Answer: Yes it does. Bond traders are finding there is nothing special about Treasuries anymore,
now that the Fed accepts substitutes for government securities as collateral.
Read how Bernanke has made both the dollar and now bonds casualties to bail out Paulson's Wall Street and the Fed's banking friends.
And how the printing presses and helicopter drop are waiting in the wings.
Hattip to Bloomberg
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