Tuesday, December 28, 2010

Roundtable : Make Markets Be Markets (Roosevelt Institute) 12/28/2010

Roosevelt Institut: Make Markets be Markets

George Soros, Joseph Stiglitz, Elizabeth Warren, Robert Johnson, and more discuss the ramifications of financial reform - from the Make Markets Be Markets report, sponsored by the Roosevelt Institute.Video taken from the Make Markets Be Markets conference,New York City.The views expressed in this presentation are those of the speakers and do not necessarily represent the positions of the Roosevelt Institute, its officers, or its directors.


Speakers include Simon Johnson, George Soros, Michael Konczal, Joseph Stiglitz, Peter Solomon. Jim Chanos and some others.

Fed Purchases $6.78B in Treasurys

The Federal Reserve Bank of New York purchased Treasury debt worth $6.78 billion on Tuesday, reports MarketWatch.

Fed officials said they expected to purchase $6 billion and the bank was offered $25.567 billion in debt, which would mature from 2013 to 2014.

As a result of the announcement, yields rose.

10-year note yields rose to 3.39%, a gain of 5 basis points.

The Treasury debt purchase was the Fed's first of two buyback operations for this week.

Find A Country That Prints A Ton Of Money, And You Will Have A Country In Trouble!

Find A Country That Prints A Ton Of Money, And You Will Have A Country In Trouble!

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