Re:Warren Buffett compares US Fed to a hedge fund
by onebaddude on Saturday September 21, 2013 @09:02PM
(#6425311)
>illiquid garbage bonds and derivatives.
You can go to the FED site and look at all the bonds they purchased from the financial institutions. Outside of the Maiden Lane's, most of the bonds have increased in value. This was a profitable trade for the FED; liquid cash for bonds well below par.
You can go to the FED site and look at all the bonds they purchased from the financial institutions. Outside of the Maiden Lane's, most of the bonds have increased in value. This was a profitable trade for the FED; liquid cash for bonds well below par.