Thursday, November 25, 2010

Move over China, The Fed is Now the Largest Holder of U.S. Debt


According to Zerohedge, as of November 22, 2010 the Fed's official holdings of US Treasury securities now amount to $891.3 billion, which is higher than the second largest holder of US debt: China, which as of September 30 held $884 billion, and Japan, with $864 billion. Not to self, this is not good. Read the full post here.

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