Treasury announces debt auctions for Fed | WHAT REALLY HAPPENED


Treasury announces debt auctions for Fed

The Treasury Department will begin selling bonds for the Federal Reserve in an effort to help the central bank deal with unprecedented borrowing needs resulting from the current credit crisis.

Webmaster's Commentary: 

These are auctions. And the Treasury is taking a huge risk here because of they do not find any real buyers, foreign investors around the world will start unloading US debt as fast as they can.

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