Thursday, December 31, 2015

The Fed Just Gave The Treasury A Record $19 Billion Holiday Bonus

http://www.zerohedge.com/news/2015-12-30/fed-just-gave-treasury-record-19-billion-holiday-bonus

Wait, isn't direct funding of the Treasury against US policy: after all, hasn't Bernanke been on the record countless times repeating that the Fed does not monetize the US deficit? Not anymore...

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