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ESF (exchange stabilization fund), Fed, Sec Treasury -- huh?

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  • ESF (exchange stabilization fund), Fed, Sec Treasury -- huh?



    Part I of three. Links there to other two.

    I have no idea if this guy is correct or off his rocker. any comments?

  • #2
    Re: ESF (exchange stabilization fund), Fed, Sec Treasury -- huh?

    One of many Government slush funds.

    http://en.wikipedia.org/wiki/Exchang...ilization_Fund

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    • #3
      Re: ESF (exchange stabilization fund), Fed, Sec Treasury -- huh?

      yeah, but he seems to make it sound like the ESF is more powerful than the Fed.

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