Treasury's Stunning Increase in Issuance [View article]
Foreign banks have been dumping Fannie and Freddie paper for months now to the point where the Fed has had to step in and be the buyer of last resort to keep the mortgage markets liquid. Between that, TARP, Iraq, Afghanistan and Obama's new stimulus package, the accumulative costs are staggering.
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Foreign banks have been dumping Fannie and Freddie paper for months now to the point where the Fed has had to step in and be the buyer of last resort to keep the mortgage markets liquid. Between that, TARP, Iraq, Afghanistan and Obama's new stimulus package, the accumulative costs are staggering.
Jan 06 11:39 am
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