Whenever a former Wall Street trader occupies the Treasury Secretary’s chair, you know that some kind of bailout of Wall Street speculators is coming next; and more artificial demand to prop up US Treasuries (USTs) prices, too. That’s especially likely if the often prodigious profits minted by traders capitalizing on government-caused market distortions reverse into […]
Beam Me Up, Scotty—The Hedgies And The Spenders Get Another Washington Bailout
