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


To: Giordano Bruno who wrote (84814)8/10/2007 9:05:36 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
>>He's only buying mortgage-backed trash.<<

Great, I gotta bridge to sell him. Hey wait, those are OUR tax dollars at work, fark!<G/NG>

This is the part where Bernanke ducks into a phone booth and comes out wearing his "Heli-Ben" superhero suit.....



To: Giordano Bruno who wrote (84814)8/10/2007 9:07:35 AM
From: Think4Yourself  Read Replies (3) | Respond to of 110194
 
Questions for the experts: The fed (Central Bank??) bought 19B in MBS this morning (from banks?). Is this a temporary loan to the banks? What happens to the securities? Where do they end up and who ends up holding the bag if they lose value?

Many thanks any responses. Please don't make facetious comments without indicating. :)