The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Hawkmoon who wrote (109137)	3/11/2008 6:31:26 PM
From: Smiling Bob	Read Replies (1) of 306849

I see the Fed taking bad paper off the banks books and moving it onto theirs. Sure it frees up banks to lend against more "sound" collateral, but it's still ultimately backed by the MBS. Who values the unwanted MBS, the Fed? Can't fight the Fed and agree this will likely support the financials for awhile, but in general, little has changed. I would still bet that the Fed is taking on almost all of the debt, with the other foreign banks present in name only.

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