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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (230077)	11/23/2009 11:25:04 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

I couldn't help but think of this scene during that SNL skit: youtube.com

To: ChanceIs who wrote (230077)	11/23/2009 11:41:25 PM
From: ChanceIs	Respond to of 306849

From a WSJ article on Bullard and the MBS. That is a mountain of MBS the FED is holding!!!! The Fed's $1.25 trillion mortgage-bond-purchase program is aimed at keeping borrowing costs low for homeowners as a way to support the housing market and the broader economy. As of Nov. 19, the Fed held roughly $847 billion in mortgage-backed securities on its balance sheet. The Fed also is committed to buying $175 billion in debt issued by government-backed housing lenders Fannie Mae, Freddie Mac and Ginnie Mae. But the programs are controversial because they have led, together with other efforts to support financial markets, to a surge in the Fed's balance sheet to $2 trillion from about $800 billion before the crisis. online.wsj.com