Bob Chapman : what they are going to do and this is part of the QE3 that's coming up that I learned from behind the scenes , what they are going to do with the Federal Reserve is they are going to relieve the banking system of its bad assets , things like mortgages that are inside of bonds called MBS and CDOs and they already own 1.3 trillion of this garbage , they won't tell us what they paid for it or what they're worth which is virtually nothing and the banks will take that money and they'll buy longer term treasuries and agency securities.....
this is insane !!
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