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Economy
Fed Tries to Hide Money Printing Operations.
2009-08-07
Instead of buying 7 year treasuries outright,the Federal Reserve bank apparently induced its primary dealers to buy up the debt, then less than a week later, the Fed buys those very treasuries and places them in its balance sheet.

Only a day before that event, a similar sale of 5 year debt went very poorly, suggesting that the Fed subsequently went to its primary dealers to arrange a demonstrate of "strong demand" for US government debt.

Instead of having "strong demand:" for US debt, the Fed effectively printed $14 billion and did it on the sly.
Posted by:badanov

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Posted by: Procopius2k   2009-08-07 23:53  

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Posted by: Bright Pebbles   2009-08-07 08:44  

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