Tuesday, May 22, 2012
U.S. Treasury Grants China Direct Computer Link to Auction System.....
Swell......bit by bit.....
But what does this mean? It means that unlike every other central bank in the world, the People’s Bank of China won’t have to place orders for U.S. debt through the Wall Street banks appointed by the feds as “primary dealers” to bid on Treasury auctions.
But what does this mean? It means that unlike every other central bank in the world, the People’s Bank of China won’t have to place orders for U.S. debt through the Wall Street banks appointed by the feds as “primary dealers” to bid on Treasury auctions.
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