Posted: Jan 10,2010 5:57 pm CST
The Federal Reserve Bought Approximately 80 Percent Of U.S. Treasury Securities Issued In 2009
The U.S. Federal Reserve building in Washington,D.C.
January 8,2010 -- No,the headline is not a misprint. According to CNBC,the Federal Reserve bought approximately 80 percent of the U.S. Treasury securities issued in 2009. In other words,the Federal Reserve has been gobbling up the massive tsunami of U.S. government debt that has been created over the past year. . . continue reading.
