Operation 'Twist'
Fed plans to change the make-up of their portfolio. Selling short-dated federal bonds and buying long-dated (30-year). This will keep them afloat for a while since none of their current ST bonds will not mature while in their hands...driving up interest rates and downgrading. Rather, the demand for LT bonds will drive the interest rate down on mortgages, car loans, and other lending rates.
Top 10 Craziest things said at a UN General Assembly
"An old world order is crumbling before our eyes, as imperialism, colonialism, neocolonialism, and racism, whose chief form is Zionism, ineluctably perish."
-Palestinian leaders Yasser Arafat
"The devil came here yesterday, and it smells of sulfur still."
-Hugo Chavez Venezuela, commenting on GWB at General Assembly (Noam Chomsky reference)
"The dignity, integrity and rights of the American and European people are being played with by a small but deceitful number of people called Zionists. Although they are a minuscule minority, they have been dominating an important portion of the financial and monetary centers as well as the political decision-making centers of some European countries and the U.S. in a deceitful, complex and furtive manner."
-President Mahmoud Ahmadinejad Iran
Foreign Policy
Wikis
UN Security Council -- United States is permanent member and does not support Palestinian "unilateral" initiative
Nikita Krushchev
