Crisis-Hit Banks Flooded Fed with Junk

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.

http://www.cnbc.com/id/40488014

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