Posted from Housing Doom 96 days ago
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Bloomberg (2/17 ’12): “Record $6 Trillion of Fake U.S. Bonds Seized” Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that’s almost half of the U.S.’s public debt. OK, enough fun, as Doom returns to the real fake bonds The “Fred” wolfed down $11.776 billion of new MBS holdings and foreign central banks in the aggregate consumed lots of new US obligations. Weird. This week’s Reuters report1...
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