Tuesday, August 30, 2011

Socialist Banking network makes a play

"There are three main ways in which the Fed could be more radical: (1) an extension of the QE program into markets other than Treasuries and agency MBS, e.g., private sector securities, (2) a much bigger QE program, up to the extreme version of a promise to buy as many securities as needed to hit a specific yield target (i.e. a "rate cap" further out on the yield curve as then-Governor Bernanke suggested back in 2002), and (3) an explicit or implicit change in the Fed's policy targets." Goldman Proposal

Goldman is making sure that the Fed does not revolt and decentralize, their worst fear. This is called the Goldman put, for Goldman is as much in control of the Socialist Network as Timmy and Ben.

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