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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: TH who wrote (265000)7/29/2010 4:16:25 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
Look no further than all the crap that magically appeared on the Fed balance sheet in 2009 (yeah, it's dated info, but probably somewhat correct). 600 billion in mortgages? If you add FNM and FRE's "assets" to that, it's a couple trillion plus. That was all converted to bankster cash. So it's a huge, huge number, but there are limits. The slimiest thing TTT did when he took over from Paulson was to raise the liability limits on FNM and FRE to infinity. That's already masked a ton of printing, and undoubtedly will mask tons more in the future. Why the TNX isn't over a hundred is the real mystery (Fed direct buying is no doubt a big part, but a lot of this is coordinated with the FCB's, i.e, "You buy our toxic waste and we'll buy yours". That's why I'll never completely give up on gold.
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