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RANsquawk Preview: FOMC Decisions - 19th March 2014
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Fuckin belgians love t-bills apparently... Taper bullish 6900000 points
T-bill straw buyers FTFW!!
As from investopedia the definition of a straw buyer....
Straw buying is sometimes used in large purchases, such as buying homes and automobiles, where the real buyer has poor credit and is unable to obtain financing. The real buyer promises to make all the payments and may compensate the straw buyer for the use of his or her credit. Banks dislike the use of straw buyers because the arrangement increases the risk of default on the loan without the bank's prior knowledge of that risk. The activity is also risky for straw buyers, who may be held legally responsible for the debt they incurred on behalf of others.
Now just apply this to t-bills to see where this is going
Of course its only illegal when we do it
I like these videos, but you STILL don't have a decent sound setup!
Good mics are cheap, so are empty egg cartons to cut the echo.
FED preview: "Accommodation of Wall Street and punishment of Main Street - by hook or by crook - to continue indefinitely."
Dang, I'm seeing spots in my eyes. I thought Rudolf was a boy.