WC Varones

Don't lend your hand to raise no flag atop no ship of fools

The SEC Pulls a Bernanke, Plans Some QE of Its Own

I am not so familiar with the Securities Act of 1933 and 1934 that I would know whether or not this is allowed but check it out, the SEC buys Treasurys.

Circle jerk money laundering operation, anyone?


Negocios Loucos said...


Jr Deputy Accountant said...

Exactly what I said when I read it. Read it a few more times and it makes sense... "overnight" as in "the Treasury can't pay the bills so we will loan them some money and then get interest back".

Thank Dodd-Frank!

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