It’s called PRICE FIXING, and it isn’t going to work.

Posted by on December 1st, 2008 at 05:50pm

Russian phenomenon wrote an interesting post today on
Here’s a quick excerpt
It’s called PRICE FIXING, and it isn’t going to work. By Daniel | December 1, 2008 Custom Search From Global Research Last Tuesday, Treasury Secretary Henry Paulson announced that the Fed would buy $600 billion of toxic mortgage-backed securities (MBS) from Fannie Mae and Freddie Mac, in effect, buying up its own debt. This is one of the unconventional strategies that Bernanke outlined in a speech he gave in 2002 on how to avoid deflation. By moving the MBS from Fannie’s

Read the rest of this great post here

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