Voltron's economics blog. Started in Iraq in 2007 as the "Gamblers Anonymous Support Group" email list.
Monday, August 31, 2009
Fed indirectly buying Treasuries to prop up dollar
Voltron says: The FED is buying Fannie Mae and Freddie Mac ("agency") paper from foreign central banks with the quid pro quo that they will buy U.S. Treasuries in order to prop up the dollar.
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