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Is anyone else worried that The Fed has just purchased $300 billion dollars of Treasuries?
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March 20th, 2009
After dropping the interest rate to 0.25%, spending almost 4 trillion dollars in the last 12 months, drafting the largest federal budget ever and signing 2 bailout bills in excess of 1.4 trillion dollars is having one branch of government buy debt from another branch of government a reckless hail-mary pass or is it a sound idea?
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