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Is The Fed Funding The Treasury Through The Banks?

By Implode-Explode Heavy Industries

``What we see is that Bernanke has indeed stopped those programs for all intents and purposes. The net printing shown above has come through a decline in bank Excess Reserves.... My theory is that the money has floated into the Treasury market. A lot of people have wondered how the Treasury would be able to continue running record deficits without the Fed buying.''

Full post as published by Mortgage Lender Implode-o-Meter on July 11, 2010 (boomark / email).