Geithner Can’t Answer Why Middlemen Profit When The FED Buys US Debt

Tim Geithner can’t answer Ron Paul’s question why the FED allows their own members to profit when buying debt from the US Treasury.

Ron Paul’s point is that the Fed has been and continues to monetize the national debt, despite Bernanke’s ridiculous denial on 60 Minutes, and so why not drop pretense and have the Fed buy directly from the Treasury, eliminating profit for the broker dealers.

Geithner, the bank protector, does not like the idea.

Categories: ECONOMY

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