28th March 2008, 08:14 PM
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alias Rusty Shackleford
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Join Date: Apr 2004
Location: Octavio's Place in Arlen, TEXAS
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Quote:
Originally Posted by NASHVEGAS
And Vincent Reinhart, the Fed's former chief monetary economist, told Bloomberg that the Fed is inching closer to buying up those beaten-down mortgage-backed securities.
Are any of these suggestions likely to happen? Today's move by the Fed, using a little-used Depression-era provision of the Federal Reserve Act, makes previously unlikely actions seem far more possible.[/b]
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Any idea when they are going to be making a decision on this one ??
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"You Bullshit Your Friends & I'll Bullshit Mine, But Lets Not Bullshit Each Other" ~RW~ " beatus homo qui invenit sapentiam"
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