C'mon Nutty and Chuck!
Don't you guys investigate anything???
Funny thing is Mike used to always criticize blogs as sources. What about blogs written by an pseudonym of a guy who'd been fired from Wall Street for
inside trading?
Sheesh! Sour grapes, much?
Who else is going to publish this, current employees?
It's pefectly legitimate to question the source. I do it all the time as you note, however the pertinent issues from this post are easily verifiable. The conclusions of what those facts mean are open to interpetation of course, and there may be a more accurate one than what "Tyler Durden" posted, however the practical
results are just as he said: The Fed halted the auction and bought high instead of the lower price they would have paid if they hadn't cancelled the original auction time.
Do we really need to pay even more for our own Treasury bonds?
Didn't WS brokers make out on this deal?
The real problem is QE2. Devaluing our currency can only lead to higher food and fuel prices. Good thing we don't have to worry about that yet!
