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"Investment Grade"?, analysts say "Nonsense!"



July 09, 2010 – Comments (2)

Geithner and Bernanke talk "investment grade", analysts say "nonsense!". Fed "misstates" about buying Toxic Assets, after it reassured the public that it would buy only investment grade debt. Interview with John Rubino on Howe Street Radio


2 Comments – Post Your Own

#1) On July 10, 2010 at 3:21 PM, checklist34 (98.74) wrote:

had to figure some junk would wind up in there, to be monetized at a later date...

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#2) On July 10, 2010 at 6:25 PM, binve (< 20) wrote:

checklist34 ,

True. But I doubt the Fed and the Treasury were completely on the up and up with regard to these purchases in the first place (i.e. they knew they were overpaying for less than investement grade debt)..

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