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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (390126)7/9/2009 2:18:36 PM
From: Real Man  Read Replies (1) of 436258
 
U just woke up? They've been running agency and MBS buying
program since December 2008. MBS is where the majority of
printed money goes.

Just look at this,

newyorkfed.org

The composition of SOMA is also very revealing. The USD is now
backed by blown up MBS taken off bank's balance sheets at
full value <G>

newyorkfed.org
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