The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (186282)	2/24/2009 2:26:42 PM
From: DebtBomb	Read Replies (1) of 306849

Bernanke: Other plans have moved ahead of buying Treasurys By Greg Robb Last update: 1:50 p.m. EST Feb. 24, 2009 WASHINGTON (MarketWatch) - Federal Reserve Board chairman Ben Bernanke said Tuesday that other programs have jumped ahead of the idea of the central bank buying longer-term Treasurys. "We do have a couple of other things going on right now," Bernanke said, specifically mentioning the Fed's purchases of mortgage-backed securities and plans to start buying other consumer loans. Bernanke said he wants to keep "the option open" to buy Treasurys if needed to improve the functioning of private credit markets. "We're not trying to affect the cost of government financing per se," he said. marketwatch.com

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