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The middle man was getting a cut anyway. It was mainly to make China's purchases secrete. Primary dealers are not allowed to charge customers money to bid
by antimora 14y ago
The middle man was getting a cut anyway. It was mainly to make China's purchases secrete.
Primary dealers are not allowed to charge
customers money to bid on their behalf at Treasury
auctions, so China isn't saving money by cutting out
commission fees.
- johnny22 14y agothey still aren't secret. stuff like this still shows up on treasury's stats.
- niels_olson 14y ago>make China's purchases secrete Sometimes the typos are more fun than the whole thread.
- cantankerous 14y agoIf they were going through (presumably) private middle men, then were their purchases = a matter of public record in the first place?