Posted 5/14/2008 13:24 (#377862 - in reply to #377815) Subject: RE: NVDave-when you have the time.
Wyoming
You're actually noticing it now as the US dollar declines in value.
The Fed is acting waaaay out on the margins of their statutory authority, and by taking on paper that could go down significantly in value, they'd be breaking wholly new ground in the history of central banks, which would further erode confidence in the Fed (and the US dollar).