New Concerns for Secretary Paulson
Filed under: Paulson's Blueprint — admin @ 8:00 am
I encourage you to check out this great blog post that linked to an even better article on Bloomberg …Click here for the post on Naked Capitalism.com.
Here is an excerpt:
“The Fed has to undertake substantial open-market operations to sop up the liquidity that would otherwise be generated by its various new lending facilities. The result? The Fed is buying far fewer short-dated Treasuries at auctions, which is no doubt leading to higher interest rates.”
This is the Bloomberg article… and this is really really really good: Paulson Finds Fed Won’t Help With One-Year T-Bills (Update2).
Here is an excerpt:
“June 2 (Bloomberg) — As if a slowing economy, a falling dollar, faster inflation and a credit crunch weren’t enough headaches for U.S. Treasury Secretary Henry Paulson, he now has to worry that the Federal Reserve will undermine the return of the one-year bill.”
(Click here to read the full article)
Stumble it!