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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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo t...
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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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