The owners, you mean the US government?
What you are seeing is the leveraging of the purchase of foreign toxic waste with each succeeding auction. This is an end run on quantitative easing. It could easily hand banks a net 30% return for doing virtually nothing, at the same time bail the banks out, these very same banks that caused all these problems in the first place. It is called double your money in three years. A gift from euro zone taxpayers.
If it's keeping down the rates on their sovereign debt, it's a gift to euro zone taxpayers.
and then if that wasn’t enough the banks will leverage the proceeds 9 to 1 to perhaps 35 to 1.
Leverage? You mean borrow? Who are the banks going to borrow this much from? Other banks? Euro governments? LOL! This guy is funny.
The Federal Reserve is privately owned. The Fed creates money out of thin air, without assets to back it up, and loans that money to the US government. The Fed charges interest on all the money they lend us this way. I think I saw awhile back that the Fed is now the largest holder of US government debt.
If it's keeping down the rates on their sovereign debt, it's a gift to euro zone taxpayers.
Maybe you didn't notice, but the government has taken out loans to make those gifts, pledging the future earnings of you and the rest of its citizens as collateral.
Leverage? You mean borrow? Who are the banks going to borrow this much from? Other banks? Euro governments?
What do you think is the source of those Federal Reserve Notes that are deposited in the banks that they use as funds to loan out?
LOL! This guy is funny.
(Math is hard. Harder if you're stupid.)