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Hey, did you know he was the first one to ever hit it over the fence at the congressional baseball game. It wasn't until many, many years later that someone else did. But I think they had moved the fence in by then. lol.
The Fed buys cash with cash.....just stop. Idiot.Really Village Idiot,Village Idiot, don't try and backtrack now. I told you the whole time this was QE4, and you said it wasn't. You said they are "selling the bonds back"What don't you understand, this is separate from their repo intervention.
Finally!
Now you understand that a repo isn't quantitative easing!
For a banker, you don't understand this stuff, or math, very well.
Then you said:
"Because it's not QE"
You dumb fuck! Yea you lose again. Typical republican BS. Now that you have gotten destroyed you are trying to somehow backtrack on what you already said? AHAHAHAHA!!!!
So Village Idiot, are you ready to admit that we are doing QE4??? Because last night you seemed pretty adamant that we weren't! AHAHAHAH!!!!
I told you the whole time this was QE4, and you said it wasn't.
Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets
Exactly. You thought your first link, about repos, was QE. Idiot.
You said they are "selling the bonds back"
Yes, you fucktard, that's what a repo means.
are you ready to admit that we are doing QE4???
QE is when they can't cut rates any further.....and have to buy assets.
Like the ECB. Remember negative rates? Another gem from you. LOL!
Are we bumping up against zero rates?
Did you even read my "first link" Obviously not, I don't think you have ever read the WSJ. Directly from my first link:
The Fed is using temporary operations to tamp down any possible wild moves, while purchasing Treasury bills to build up reserves in the banking system. It hopes that by buying Treasury bills, the central bank will be able to cut back on repo interventions at the start of next year.
If you would have read my first link then you would have known that we are doing QE, then you wouldn't look so stupid now.
They're selling the bonds back!!!
You dumb fuck, no they are not. QE, the FED buys treasury bonds or assets with newly "created" money. They don't sell that back, those bonds are on the FEDs balance sheet, hence they expand their balance sheet. The repo market is a cash market, cash to cash, not treasury bonds moron. You still don't understand the difference between QE and the repos. That's why you had no clue we were doing QE4.
QE is when they can't cut rates any further.....and have to buy assets.
What the fuck are you talking about???? QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates. You dumb Village Idiot. You have said literally like 5 completely false and wrong statements. Again you have proven yourself a total fool. Republicans are totally clueless, you literally have no clue what the fuck you are talking about! Now you are trying to backtrack to avoid looking even dumber.
They're selling the bonds back!! AHAHA!!! QE is when they can't cut rates any further. Village Idiot, just stop you are totally overmatched.
Quantitative easing (QE), also known as large-scale asset purchases, is a monetary policy whereby a central bankbuys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.[1]
The Fed is using temporary operations to tamp down any possible wild moves
Like overnight repos?
The repo market is a cash market, cash to cash, not treasury bonds moron.
The Fed buys cash with cash.....just stop. Idiot.
QE is when the central banks buy treasury bonds or other assets.
The first time the Fed ever, ever bought assets was after 2008? DURR.
QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates.
Where were you a banker? Was it during a game of Monopoly?
View attachment 293495
Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash, QE is when they buy treasury bonds with cash, You said they are "buying the bonds back" when that is 100% false and shows your stupidity and lack of understanding of all this. Again you have no clue the difference between the repo market and QE.
QE is when they can't cut rates any further.....and have to buy assets.
Completely false. QE is when they buy bonds or assets, exactly what they are doing now, which you don't seem to understand. If interest rates are at 1.5% and they buy assets/bonds then it is QE.
So again are we doing QE or not? Because you have repeatedly said we are not, when we are.
Village Idiot, you have made maybe 10 completely wrong and false statements in this thread. And now you are trying to somehow backtrack away from all your wrong statements.
We're talking about mortgages that were written knowing full well that would go bad and it was huge amountAnother non contrbutionDon't lie. When you are giving people making 16$ an HR 375 grand who only lasts 3 monthes in the property.....everyone knew that would go bad.......
Bubbles are cool! Until they pop.
No luck finding the law against writing mortgages that default later?
Indeed, but that kind of fraud didn't really take off until around 2007.We're talking about mortgages that were written knowing full well that would go bad and it was huge amountAnother non contrbutionDon't lie. When you are giving people making 16$ an HR 375 grand who only lasts 3 monthes in the property.....everyone knew that would go bad.......
Bubbles are cool! Until they pop.
No luck finding the law against writing mortgages that default later?
Before that, all the toxic mortgages were created mostly out of stupidity and greed.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1. And not one of the crooks involved spent a single minute in jail.
Goldman allowed Paulson to choose the mortgages, knowing he was choosing the most toxic ones he could find.Indeed, but that kind of fraud didn't really take off until around 2007.We're talking about mortgages that were written knowing full well that would go bad and it was huge amountAnother non contrbutionBubbles are cool! Until they pop.
No luck finding the law against writing mortgages that default later?
Before that, all the toxic mortgages were created mostly out of stupidity and greed.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1. And not one of the crooks involved spent a single minute in jail.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1.
Goldman didn't write any of those mortgages.
I hear Paulson made $2B on that deal.Goldman allowed Paulson to choose the mortgages, knowing he was choosing the most toxic ones he could find.Indeed, but that kind of fraud didn't really take off until around 2007.We're talking about mortgages that were written knowing full well that would go bad and it was huge amountAnother non contrbution
No luck finding the law against writing mortgages that default later?
Before that, all the toxic mortgages were created mostly out of stupidity and greed.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1. And not one of the crooks involved spent a single minute in jail.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1.
Goldman didn't write any of those mortgages.
It was deliberate fraud, and Goldman was fined a record amount for it. The fuckers should have been jailed.
None of it. Put all your money and effort trying to convince voters they are wrong of the one thing they know for certain - their personal economic situation. Go for it!Which part of that do you imagine is made up?That’s it. You’ve got Trump now. Make up crap and toss it against that wall!
Your selective outrage is hilarious.The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.
Talk about a "moral hazard"!!!
Your selective outrage is hilarious.The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.
Talk about a "moral hazard"!!!
Goldman Sachs Personnel in the Barack Obama White House
Lael Brainard: Brainard is the United States Under Secretary of the Treasury for International Affairs in the administration of Obama.
Gregory Craig: Former White House Counsel, Recently hired by Goldman Sachs.
Thomas Donilon: Deputy National Security Adviser (despite having a career that is mostly involved with domestic politics). Donilon was a lawyer at O’Melveny and Myers and made almost $4 million representing meltdown clients including Penny Pritzker (of Chicago) and Goldman Sachs.
William C. Dudley: President and Chief Executive Officer of the Federal Reserve Bank of New York, partner and managing director at Goldman Sachs and was the firm’s chief U.S. economist for a decade.
Douglas Elmendorf: Obama Director of the Congressional Budget Office in January 2009, replaced Furman as Director of the Hamilton Project (Note that the Hamilton Project was funded by Robert Rubin and Goldman Sachs).
Rahm Emanuel: Obama Chief of Staff, on the payroll of Goldman Sachs receiving $3,000 per month from the firm to “introduce us to people”, in the words of one Goldman Sachs partner at the time.
Dianna Farrell: Obama Administration: Deputy Director, National Economic Council. Former Goldman Sachs Title: Financial Analyst.
Stephen Friedman: Obama Administration: Chairman, President’s Foreign Intelligence Advisory Board. Former Goldman Sachs Title: Board Member (Chairman 1990-94; Director 2005).
Michael Frohman: Robert Rubin’s Chief of Staff while Rubin served as Secretary of the Treasury and an Obama “head hunter” according to “Rubin Proteges Change Their Tune as They Join Obama’s Team” in the New York Times.
Anne Fudge: Appointed to Obama budget deficit reduction committee. Fudge has been the PR craftsman for some of America’s largest corporations. She sits, according to the Washington Post, as a Trustee of the Brookings Institution within which the Hamilton Project is embedded.
Jason Furman: Directed economic policy for the Obama Presidential Campaign, served as the second Director of the Hamilton Project after Peter Orszag’s departure for the Obama administration.
Mark Gallogly: Sits on the Hamilton Project’s advisory council. He is also, according to Wikipedia, currently a member of President Obama’s Economic Recovery Advisory Board.
Timothy Geithner: Secretary of the Treasury, former President of the New York Fed. a former managing director of Goldman Sachs.
Gary Gensler: Obama Administration: Commissioner of the Commodity Futures Trading Commission. Former Goldman Sachs Title: Partner and Co-head of Finance.
Michael Greenstone: The 4th Director of the Hamilton Project. Just as attorney Craig went from advising Obama to defending Goldman Sachs against the SEC complaint, Greenstone has used the revolving door to go from an Obama economic adviser position to one of the Goldman Sachs outlets – in this case its think tank embedded in the Brookings Institution and funded by Goldman Sachs and Robert Rubin. All 3 previous Directors of the Hamilton Project work in the Obama administration.
Robert Hormats: Obama Administration: Undersecretary for Economic, Energy and Agricultural Affairs, State Department. Former Goldman Sachs Title: Vice Chairman, Goldman Sachs Group.
Neel Kashkari: Served under Treasury Secretary Paulson (a former Goldman Sachs CEO) and was kept on by Obama after his inauguration for a limited period to work on TARP oversight. Former Vice President of Goldman Sachs in San Francisco where he led Goldman’s Information Technology Security Investment Banking practice.
Karen Kornbluh: (Sometimes called “Obama’s brain”) Obama Ambassador to the OECD. Was Deputy Chief of Staff to ‘Mr. Goldman Sachs’, Robert Rubin.
Jacob “Jack” Lew: The United States Deputy Secretary of State for Management and Resources. According to Wikipedia, Lew sits on the Brookings-Rubin funded Hamilton Project Advisory Board. He also served with Robert Rubin in Bill Clinton’s cabinet as Director of OMB.
David Lipton: Now on Obama’s National Economic Council and the National Security Council. Lipton worked with Larry Summers and Timothy Geithner on the US response to the Asian financial crisis of the 1990’s. MergeFoundations reports that Lipton worked closely with Robert Rubin.
Emil Michael: White House Fellow. Former investment banker with Goldman Sachs.
Eric Mindich: Former chief strategy officer of New York-based Goldman Sachs, started Eton Park in 2004 with $3.5 billion, at the time one of the biggest hedge-fund launches ever. …..Hank Paulson Tipped Off The Goldman-Led “Plunge Protection Team” About Fannie Bankruptcy 7 Weeks In Advance (2007): Goldman operative Eric Mindich in the hierarchy of the Asset Managers’ committee of the President’s Working Group on Capital Markets, better known of course as the PPT (in 2009).
Philip Murphy: Obama Administration: Ambassador to Germany. Former Goldman Sachs Title: Head of Goldman Sachs, Frankfurt.
Barack Obama: Obama owes his career to Goldman Sachs which was not only his biggest financial contributor when he ran for the Presidency, but was also his biggest contributor when he ran for the US Senate.
Peter Orszag: Obama Budget Director. Founding director of the Hamilton Project, funded by Goldman Sachs and Robert Rubin. Wikipedia indicates that Robert Rubin, Goldman’s ex-CEO, was one of Orszag’s mentors.
Mark Patterson: Obama Administration: Chief of Staff to Treasury Secretary Timothy Geitner. Former Goldman Sachs Title: Lobbyist 2005-2008; Vice President for Government Relations.
Mark Peterson: Chief of staff to Timothy Geithner. Goldman Sachs Vice President and lobbyist.
Steve Ratner: The shady billionaire financier who Obama appointed as his “car czar” and who resigned after it was revealed that his company, the Quadrangle Group, was apparently involved in “pay to play” for a billion dollars or so of New York State pension funds, and was under possible indictment by the New York AG and the SEC. Sits on the Advisory Council of the Goldman funded Hamilton Project.
Robert Reischauer: A member of the Medicare Payment Advisory Commission from 2000-2009 and was its Vice Chair from 2001-2008. He too sits on the Hamilton Project’s advisory board.
Alice Rivlin: Obama named Alice Rivlin to his so-called Deficit Reduction Commission.
James Rubin: Son of Robert Rubin. Served as a ‘headhunter’ for Obama per the New York Times article, “Rubin Proteges Change Their Tune as They Join Obama’s Team”.
Gene Sperling: Advisor to Timothy Geithner on bailouts. Sperling paid by Goldman Sachs for one year of consulting work.
Adam Storch: Obama Managing Executive of the Security and Exchange Commission’s Division of Enforcement. Former Vice President in the Goldman Sachs Business Intelligence Group.
Larry Summers: Obama chief economic adviser and head of the National Economic Counsel. Worked under Robert Rubin at Goldman Sachs.
John Thain: Obama Administration: Advisor to Treasury Secretary Timothy Geithner. Former Goldman Sachs Title: President and Chief Operating Officer (1999-2003).
Dumbass. I frequently pointed out how many Goldman alumni worked for Obama on other forums.Your selective outrage is hilarious.The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.
Talk about a "moral hazard"!!!
Goldman Sachs Personnel in the Barack Obama White House
Lael Brainard: Brainard is the United States Under Secretary of the Treasury for International Affairs in the administration of Obama.
Gregory Craig: Former White House Counsel, Recently hired by Goldman Sachs.
Thomas Donilon: Deputy National Security Adviser (despite having a career that is mostly involved with domestic politics). Donilon was a lawyer at O’Melveny and Myers and made almost $4 million representing meltdown clients including Penny Pritzker (of Chicago) and Goldman Sachs.
William C. Dudley: President and Chief Executive Officer of the Federal Reserve Bank of New York, partner and managing director at Goldman Sachs and was the firm’s chief U.S. economist for a decade.
Douglas Elmendorf: Obama Director of the Congressional Budget Office in January 2009, replaced Furman as Director of the Hamilton Project (Note that the Hamilton Project was funded by Robert Rubin and Goldman Sachs).
Rahm Emanuel: Obama Chief of Staff, on the payroll of Goldman Sachs receiving $3,000 per month from the firm to “introduce us to people”, in the words of one Goldman Sachs partner at the time.
Dianna Farrell: Obama Administration: Deputy Director, National Economic Council. Former Goldman Sachs Title: Financial Analyst.
Stephen Friedman: Obama Administration: Chairman, President’s Foreign Intelligence Advisory Board. Former Goldman Sachs Title: Board Member (Chairman 1990-94; Director 2005).
Michael Frohman: Robert Rubin’s Chief of Staff while Rubin served as Secretary of the Treasury and an Obama “head hunter” according to “Rubin Proteges Change Their Tune as They Join Obama’s Team” in the New York Times.
Anne Fudge: Appointed to Obama budget deficit reduction committee. Fudge has been the PR craftsman for some of America’s largest corporations. She sits, according to the Washington Post, as a Trustee of the Brookings Institution within which the Hamilton Project is embedded.
Jason Furman: Directed economic policy for the Obama Presidential Campaign, served as the second Director of the Hamilton Project after Peter Orszag’s departure for the Obama administration.
Mark Gallogly: Sits on the Hamilton Project’s advisory council. He is also, according to Wikipedia, currently a member of President Obama’s Economic Recovery Advisory Board.
Timothy Geithner: Secretary of the Treasury, former President of the New York Fed. a former managing director of Goldman Sachs.
Gary Gensler: Obama Administration: Commissioner of the Commodity Futures Trading Commission. Former Goldman Sachs Title: Partner and Co-head of Finance.
Michael Greenstone: The 4th Director of the Hamilton Project. Just as attorney Craig went from advising Obama to defending Goldman Sachs against the SEC complaint, Greenstone has used the revolving door to go from an Obama economic adviser position to one of the Goldman Sachs outlets – in this case its think tank embedded in the Brookings Institution and funded by Goldman Sachs and Robert Rubin. All 3 previous Directors of the Hamilton Project work in the Obama administration.
Robert Hormats: Obama Administration: Undersecretary for Economic, Energy and Agricultural Affairs, State Department. Former Goldman Sachs Title: Vice Chairman, Goldman Sachs Group.
Neel Kashkari: Served under Treasury Secretary Paulson (a former Goldman Sachs CEO) and was kept on by Obama after his inauguration for a limited period to work on TARP oversight. Former Vice President of Goldman Sachs in San Francisco where he led Goldman’s Information Technology Security Investment Banking practice.
Karen Kornbluh: (Sometimes called “Obama’s brain”) Obama Ambassador to the OECD. Was Deputy Chief of Staff to ‘Mr. Goldman Sachs’, Robert Rubin.
Jacob “Jack” Lew: The United States Deputy Secretary of State for Management and Resources. According to Wikipedia, Lew sits on the Brookings-Rubin funded Hamilton Project Advisory Board. He also served with Robert Rubin in Bill Clinton’s cabinet as Director of OMB.
David Lipton: Now on Obama’s National Economic Council and the National Security Council. Lipton worked with Larry Summers and Timothy Geithner on the US response to the Asian financial crisis of the 1990’s. MergeFoundations reports that Lipton worked closely with Robert Rubin.
Emil Michael: White House Fellow. Former investment banker with Goldman Sachs.
Eric Mindich: Former chief strategy officer of New York-based Goldman Sachs, started Eton Park in 2004 with $3.5 billion, at the time one of the biggest hedge-fund launches ever. …..Hank Paulson Tipped Off The Goldman-Led “Plunge Protection Team” About Fannie Bankruptcy 7 Weeks In Advance (2007): Goldman operative Eric Mindich in the hierarchy of the Asset Managers’ committee of the President’s Working Group on Capital Markets, better known of course as the PPT (in 2009).
Philip Murphy: Obama Administration: Ambassador to Germany. Former Goldman Sachs Title: Head of Goldman Sachs, Frankfurt.
Barack Obama: Obama owes his career to Goldman Sachs which was not only his biggest financial contributor when he ran for the Presidency, but was also his biggest contributor when he ran for the US Senate.
Peter Orszag: Obama Budget Director. Founding director of the Hamilton Project, funded by Goldman Sachs and Robert Rubin. Wikipedia indicates that Robert Rubin, Goldman’s ex-CEO, was one of Orszag’s mentors.
Mark Patterson: Obama Administration: Chief of Staff to Treasury Secretary Timothy Geitner. Former Goldman Sachs Title: Lobbyist 2005-2008; Vice President for Government Relations.
Mark Peterson: Chief of staff to Timothy Geithner. Goldman Sachs Vice President and lobbyist.
Steve Ratner: The shady billionaire financier who Obama appointed as his “car czar” and who resigned after it was revealed that his company, the Quadrangle Group, was apparently involved in “pay to play” for a billion dollars or so of New York State pension funds, and was under possible indictment by the New York AG and the SEC. Sits on the Advisory Council of the Goldman funded Hamilton Project.
Robert Reischauer: A member of the Medicare Payment Advisory Commission from 2000-2009 and was its Vice Chair from 2001-2008. He too sits on the Hamilton Project’s advisory board.
Alice Rivlin: Obama named Alice Rivlin to his so-called Deficit Reduction Commission.
James Rubin: Son of Robert Rubin. Served as a ‘headhunter’ for Obama per the New York Times article, “Rubin Proteges Change Their Tune as They Join Obama’s Team”.
Gene Sperling: Advisor to Timothy Geithner on bailouts. Sperling paid by Goldman Sachs for one year of consulting work.
Adam Storch: Obama Managing Executive of the Security and Exchange Commission’s Division of Enforcement. Former Vice President in the Goldman Sachs Business Intelligence Group.
Larry Summers: Obama chief economic adviser and head of the National Economic Counsel. Worked under Robert Rubin at Goldman Sachs.
John Thain: Obama Administration: Advisor to Treasury Secretary Timothy Geithner. Former Goldman Sachs Title: President and Chief Operating Officer (1999-2003).
Bush brought a lot of Goldman execs on board. In fact, almost every modern Administration has. OH, SNAP!
Bush's Treasury Secretary came to the job straight from the CEO position at Goldman. On his way out the door, Hank Paulson signaled he knew some seriously bad shit was going to come down.
Neel Kashkari also came from Goldman. He was the overseer of TARP.
The list of Goldman Sachs alumni in the Bush Administration is longer than the ones in the Obama Administration.
Goldman allowed Paulson to choose the mortgages, knowing he was choosing the most toxic ones he could find.Indeed, but that kind of fraud didn't really take off until around 2007.We're talking about mortgages that were written knowing full well that would go bad and it was huge amountAnother non contrbution
No luck finding the law against writing mortgages that default later?
Before that, all the toxic mortgages were created mostly out of stupidity and greed.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1. And not one of the crooks involved spent a single minute in jail.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1.
Goldman didn't write any of those mortgages.
It was deliberate fraud, and Goldman was fined a record amount for it. The fuckers should have been jailed.
Goldman was fined $550 million.Goldman allowed Paulson to choose the mortgages, knowing he was choosing the most toxic ones he could find.Indeed, but that kind of fraud didn't really take off until around 2007.We're talking about mortgages that were written knowing full well that would go bad and it was huge amountNo luck finding the law against writing mortgages that default later?
Before that, all the toxic mortgages were created mostly out of stupidity and greed.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1. And not one of the crooks involved spent a single minute in jail.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1.
Goldman didn't write any of those mortgages.
It was deliberate fraud, and Goldman was fined a record amount for it. The fuckers should have been jailed.
Goldman allowed Paulson to choose the mortgages, knowing he was choosing the most toxic ones he could find.
Right. Mortgages that already existed. That were written by Goldman.
It was deliberate fraud,
They didn't disclose to IKB that they, and Paulson, picked shit.
and Goldman was fined a record amount for it.
Yup. Fined the fuck out of them.
The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.
Talk about a "moral hazard"!!!
Goldman was fined $550 million.Goldman allowed Paulson to choose the mortgages, knowing he was choosing the most toxic ones he could find.Indeed, but that kind of fraud didn't really take off until around 2007.We're talking about mortgages that were written knowing full well that would go bad and it was huge amount
Before that, all the toxic mortgages were created mostly out of stupidity and greed.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1. And not one of the crooks involved spent a single minute in jail.
One of the worst deliberate cases of fraud was ABACUS 2007-AC1.
Goldman didn't write any of those mortgages.
It was deliberate fraud, and Goldman was fined a record amount for it. The fuckers should have been jailed.
Goldman allowed Paulson to choose the mortgages, knowing he was choosing the most toxic ones he could find.
Right. Mortgages that already existed. That were written by Goldman.
It was deliberate fraud,
They didn't disclose to IKB that they, and Paulson, picked shit.
and Goldman was fined a record amount for it.
Yup. Fined the fuck out of them.
They made $1 billion in profit from their fraud.
Now that's what I call government creating a moral hazard!
Freakin village idiot, here you go again with more misstatements.The Fed buys cash with cash.....just stop. Idiot.Really Village Idiot,Village Idiot, don't try and backtrack now. I told you the whole time this was QE4, and you said it wasn't. You said they are "selling the bonds back"
Then you said:
"Because it's not QE"
You dumb fuck! Yea you lose again. Typical republican BS. Now that you have gotten destroyed you are trying to somehow backtrack on what you already said? AHAHAHAHA!!!!
So Village Idiot, are you ready to admit that we are doing QE4??? Because last night you seemed pretty adamant that we weren't! AHAHAHAH!!!!
I told you the whole time this was QE4, and you said it wasn't.
Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets
Exactly. You thought your first link, about repos, was QE. Idiot.
You said they are "selling the bonds back"
Yes, you fucktard, that's what a repo means.
are you ready to admit that we are doing QE4???
QE is when they can't cut rates any further.....and have to buy assets.
Like the ECB. Remember negative rates? Another gem from you. LOL!
Are we bumping up against zero rates?
Did you even read my "first link" Obviously not, I don't think you have ever read the WSJ. Directly from my first link:
The Fed is using temporary operations to tamp down any possible wild moves, while purchasing Treasury bills to build up reserves in the banking system. It hopes that by buying Treasury bills, the central bank will be able to cut back on repo interventions at the start of next year.
If you would have read my first link then you would have known that we are doing QE, then you wouldn't look so stupid now.
They're selling the bonds back!!!
You dumb fuck, no they are not. QE, the FED buys treasury bonds or assets with newly "created" money. They don't sell that back, those bonds are on the FEDs balance sheet, hence they expand their balance sheet. The repo market is a cash market, cash to cash, not treasury bonds moron. You still don't understand the difference between QE and the repos. That's why you had no clue we were doing QE4.
QE is when they can't cut rates any further.....and have to buy assets.
What the fuck are you talking about???? QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates. You dumb Village Idiot. You have said literally like 5 completely false and wrong statements. Again you have proven yourself a total fool. Republicans are totally clueless, you literally have no clue what the fuck you are talking about! Now you are trying to backtrack to avoid looking even dumber.
They're selling the bonds back!! AHAHA!!! QE is when they can't cut rates any further. Village Idiot, just stop you are totally overmatched.
Quantitative easing (QE), also known as large-scale asset purchases, is a monetary policy whereby a central bankbuys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.[1]
The Fed is using temporary operations to tamp down any possible wild moves
Like overnight repos?
The repo market is a cash market, cash to cash, not treasury bonds moron.
The Fed buys cash with cash.....just stop. Idiot.
QE is when the central banks buy treasury bonds or other assets.
The first time the Fed ever, ever bought assets was after 2008? DURR.
QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates.
Where were you a banker? Was it during a game of Monopoly?
View attachment 293495
Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash, QE is when they buy treasury bonds with cash, You said they are "buying the bonds back" when that is 100% false and shows your stupidity and lack of understanding of all this. Again you have no clue the difference between the repo market and QE.
QE is when they can't cut rates any further.....and have to buy assets.
Completely false. QE is when they buy bonds or assets, exactly what they are doing now, which you don't seem to understand. If interest rates are at 1.5% and they buy assets/bonds then it is QE.
So again are we doing QE or not? Because you have repeatedly said we are not, when we are.
Village Idiot, you have made maybe 10 completely wrong and false statements in this thread. And now you are trying to somehow backtrack away from all your wrong statements.
Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash,
Of course repurchase agreements lend cash and get repaid in cash. Just what is it you think is being purchased and sold in a REPURCHASE agreement? Bonds. Usually, but not always, Treasury bonds, notes or bills.
QE is when they buy bonds or assets,
Nope.
View attachment 293532
Federal Reserve Board - Open market operations
Did you get fired from your "banker" job for incompetence? Or was it fraud?
