Chris Lau - Seeking Alpha

Thursday, March 19, 2009

$1 Trillion

The Federal Reserve is buying $300 Billion worth of long term treasuries over the next few months, and $750 Billion worth of Mortgage backed securities.

They are in effect printing even more money. The last time this was done was 40 years ago. The

Summary of Fed Statement:

Here are some a very good comments on this latest step: