Peter Schiff on What is Operation Twist?

Peter Schiff - " The real problem on Operation Twist is that it is going to put the squeeze on banks which is not going to help the economy grow by any means " says Peter Schiff " the idea behind Operation Twist is that the FED is going to sell 400 billion dollars worth of shorter term that it has in its portfolio and then it will turn on and buy government bonds" Peter Schiff explains