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NewsWhore
01-19-2010, 09:00 PM
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Fed Should Read Its Own Memo on Rising-Rate Risk: Caroline Baum (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.bloomberg.com%2Fapps%2Fnews%3Fpid%3D20601039%26sid%3Daygo_Qm9sZ9I&usg=AFQjCNEbYhphCdug1H_v7DzimIQ2Ltz7RA)
Bloomberg
Prior to September 2008, currency in circulation was the Fed&#39;s main liability and cost nothing. Its chief asset was Treasury securities. ...

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