Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: zamboz who wrote (63339)	6/11/2006 9:22:03 AM
From: russwinter	Read Replies (3) \| Respond to of 110194

FCB now hold $507 billion in housing agency paper, with $163 billion bought in the last year, and at a time when their underlying housing collateral has by almost all accounts rolled over. thehousingbubbleblog.com Are housing agency bonds even deserving of a reserve currency holding status? I have rarely heard anyone else on this thread discuss this (beside me) but I feel it is the key to the market distortions going on now in risk premiums, etc. Who is buying this trash, and why? What's wrong with this picture? I offer one not so tongue in the cheek theory here. xanga.com