(4/2010) Financial Innovation from the Government (Financial Well Being‪)‬

John M. Mason-- Has the Federal Reserve begun its exit strategy? Has the Fed already started the "Great Undoing?" It has, but the new exit movement is not taking place in open market operations...or in repurchase agreements. It is occurring with the help of the Treasury Department. Let's look at the line item on the Fed's balance sheet titled "U. S. Treasury, supplementary financing account".