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On one hand, China and other foreign owners of U.S. Treasury bonds have a vested interest in the Fed's new gameplan: If it succeeds in pushing bond yields lower, the result will be to boost the value of outstanding Treasuries issued at higher fixed rates. That ought to make foreign investors w...
There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 | from naked capitalism