naked capitalism Tue 2009-10-27 12:37 EDT
Why is Zero Hedge claiming the Fed is intervening in equities markets?
I just came across a post on Zero Hedge called ``An Overview Of The Fed's Intervention In Equity Markets Via The Primary Dealer Credit Facility.'' Now, that's a mouthful. As far as I can discern, the post's purpose is to expose alleged equities market manipulation by the Federal Reserve. However, I found the argument rather conspiratorial. And despite claims of an alleged smoking gun, there is no evidence in the post that that Federal Reserve is manipulating anything except interest rates. And the Fed made clear that that was what it intended to do.
equity markets; Fed; intervening; naked capitalism; Zero Hedge claiming.