Breaking on MSNBC

[dgibby]

Fed to buy up $600Billion in US Govt debt.

[aquart]

1. From whom? China?

[kenny blankenship]

2. No - the money is begotten out of thin air

http://en.wikipedia.org/wiki/Quantitative_easing

This will go straight into the stock market to continue the illusion that we have what solvent countries call an economy.

[dgibby]

3. Good question.

Probably just printing more money. The dollar's declining anyway.

[nadinbrzezinski]

4. Yes from those who hold it

China, major bond holders, things like that.

[HereSince1628]

5. Silliness, the Government's commercial loan arm is picking up debt

from the government's non-commercial arm, and calling it reduction in Federal Debt.
As if the US Gov't isn't 100 percent behind 100 percent of the risk assumed by the fed.