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Politics : Politics for Pros- moderated
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To: skinowski who wrote (520618)11/8/2012 6:45:23 AM
From: FJB   of 793843
 
The Fed uses most of it to purchase US debt and mortgage backed securities.

WSJ: Fed Buying 61 Percent of US Debt Mar 28, 2012
The Federal Reserve is propping up the entire U.S. economy by buying 61 percent of the government debt issued by the Treasury Department, a trend that cannot last, Lawrence Goodman, a former Treasury official and current president of the Center for Financial Stability, writes in a Wall Street Journal opinion article published Wednesday.

Fed Undertakes QE3 With $40 Billion Monthly MBS Purchases
By Joshua Zumbrun - Sep 13, 2012 bloomberg.com
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