Bernanke Says Fed Does Not Engage In Stock Market Or “Individual Stock” Manipulation; Some Loose Ends On FX Swaps.
Another wonderful question to which Bernanke, unless he had completely lost his mind, gives a negative anwer, is whether any foreign banks that were the recipients of FX swaps, used the proceeds to buy US Treasuries. Obviously, Bernanke's answer is no, as this would be yet another shadow monetization process.
Tyler Durden|Zerohedge.com
http://www.menwithfoilhats.com/2010/06/bernanke-denies-stock-market-manipulation-by-federal-reserve/
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