What does collateral process have to do anything discussed here? We are talking about the asset purchasing program, not the the discount window and the garbage that banks are allowed to pledge. The only stuff bought by the QE program is agency paper - Fannies/Ginnies and some home loan pass-through. It is pretty clearly defined and it's very easy to trace - Bloomberg got it down to the very ISINs the Fed owns. Recalling the mandatory philosophy class, I would beg to differ. A person who believes in a variety of conspiracy theories (which covers a large portion of the audience on ET) can not be called a proper cynic.
well I don't know exactly who it is, but I know somebody is out to get me. Not sure why they care so much about me. I'm not really a big guy.