Relevant:
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- Citigroup Lost $15 Million With UBS's ‘Crap' CDO Blessed by S&P
- So Much For ECB Prudence: Trichet To Continue Accepting Crap Collateral After 2010
- Grant Williams - "Things That Make You Go Hmm...", 2012-06-02
- Fed Treasury Purchases `Monetizing Debt,' May Spur Inflation, Hoenig Says
2008-03-16 — wallstreetexaminer.com
``There you have it. The Fed for the first time will be monetizing crap, above and beyond the crap they already monetize. '' -- Great post from Lee Adler, picking apart the Fed's latest emergency actions from this evening.
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