Crisis-Hit Banks Flooded Fed with Junk

Discussion in 'Wall St. News' started by ASusilovic, Dec 3, 2010.

  1. Banks flooded the Federal Reserve with billions of dollars in “junk bonds” and other low-grade collateral in exchange for much-needed liquidity during the crisis, as the financial sector struggled under a crippling credit crunch, new data show.

    LOL ! There are people being imprisoned for what the FED has allowed to be done. Junk central bank follow junk rules follow junk minds...