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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Roads End who wrote (400960)	2/10/2010 12:27:30 PM
From: Real Man	1 Recommendation Read Replies (1) \| Respond to of 436258

Exactly, the Feds guaranteed the whole Re market already in 2008, and were virtually the only issuers of new mortgages already in 2007, which amounts to debt transfer from private to public hands. Now, in late 2008 they started some printin', and that grew into still ongoing major effort in March 2009. Now the effort seems to be focused on confidence game, that S won't HTF - the Fed will of course sell the crappy mortgages and drain once the economy recovers. They won't keep printin'. Cause... if the market starts thinking they will, it might do them the Greek way. I think that's kinda the next step anyhow, the step Ben is desperately trying to avoid at all costs with his prolonged details on the exit strategy lately. They know the economy is not recovering, the unemployment is getting worse, and if the market loses trust in US public debt, the game is over and 333, not 666 will be Spoos bottom -g- finance.yahoo.com The MBS effort was started cause China and BRIC had these for sale, and somebody big had to fill the void. -g-