2009-06-29 — denninger.net
"Mad props once again to Zerohedge who shone the bright light on Freddie's latest screed.
I'm not going to take from their discussion of The Fed buying up paper at what will (almost certainly) lead to ruinous losses - you can find that there. Rather, I am going to look at some of the internals from the document published that they didn't focus on."
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