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?
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2 comments:
WHAT!?!?
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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