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Tuesday, March 27, 2012

It's Official - The Fed Is Now Buying European Government Bonds

The Federal Reserve and Europe's central Banks are partners in crime. "As if the 'risk-less' dollar-swaps the Fed has extended to any and every major central bank were not enough, William Dudley just unashamedly admitted that the Fed now holds 'a very small amount of European Sovereign Debt'."

Read the rest here
Zero Hedge

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