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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: ahhaha who wrote (404312)5/7/2010 2:15:03 PM
From: Real Man2 Recommendations  Read Replies (1) of 436258
 
Huh? 1.75 Trillion was not temporary. It was created by the
Fed out of thin air to buy Treasuries, MBS, and Agencies.
These were all permanent operations, Quantitative Easing,
or, electronic printing in lame language, and were listed at the Fed as
such.

Check the Fed page and minutes. You completely missed it.
I suggest August 2009 minutes where the operations are listed.
I also suggest to look up Quantitative Easing on Wikipedia.

Now-now, they have been TALKING it was temporary, they CLAIMED
they will shove the amount back into the printing press, but
so far it has not happened. You can keep the faith it will,
but I won't share that faith. Until that time the operations
are PERMANENT. -g-

federalreserve.gov
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