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All of this suggests that some investors are selling Treasuries to buy other securities. It’s a sign that the fear that had been gripping markets since September -- driving many investors into Treasuries as a haven -- is continuing to ease.
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