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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (77023)3/28/2008 12:17:49 PM
From: Real Man  Respond to of 116555
 
Well, if the Fed gives 30 billion to JPM for
BSC's garbage at par, then this is not monetization of bad debt
only if they drain SOMA by the same amount or return the garbage
back to JPM in exchange for their treasuries. I understand
they intend to do the latter.