"Today’s action again begs the question: if the Fed and the Treasury are backing the U.S....

|By:, SA News Editor

"Today’s action again begs the question: if the Fed and the Treasury are backing the U.S. financial system, who is backing the U.S.?" bond strategist Tony Crescenzi writes. "For now, investors are putting this question aside, and believing that such doomsday scenarios are a low probability."