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yma o hyd3/18/2009 11:58:54 am PDT

re: #344 Desert Dog

Ut oh!

Now The Fed is bailing out the Fed!

That, iirc, is also called ‘quantitative easing’ - the Bank of England did something similar earlier this month.

Its a very posh exp;lanation - or in the case of the Fed, a very veiled one, for printing more money …