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The Fed to Buy Everyone's Debt

Submitted by Todd Sullivan on Tue, 11/25/2008 - 09:38.
in
Ben Bernanke

Not really but it is looking that way

The Fed announced two program this morning to buy debt from Fannie (NYSE:FNM) and Freddie (NYSE:FRE) and to buy asset backed securities.

Short explanation? The Fed and Treasury are going to own all the debt in the US. We are talking trillions here. Dow (NYSE:DJI) and S$P 500 (NYSE:INX) future have rallied from -60 to +180.  I am worried about the gov't being the chief reason the marklet moves

This can only end badly..

 

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