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?

2 comments:

Negocios Loucos said...

WHAT!?!?

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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