Sunday, September 27, 2009

They Never Learn: Fed Mortage Bond Securities Manipulation

The Fed has purchased 71% of new Agency MBS issuance so far in 2009, and currently owns about 10% of all MBS outstanding.

How is the mortgage market ever going to adjust to a non-manipulated market, if the Fed continues to manipulate?
at 1:51:00 PM

2 comments:

  1. PEU Report/State of the DivisionSeptember 27, 2009 at 3:41 PM

    Restarting securitization, a product without a real market? What happens when the Fed unwinds its balance sheet?

    ReplyDelete
  2. PEU Report/State of the DivisionSeptember 29, 2009 at 4:35 PM

    I ran across this article on bond insurers. Worth the read:

    http://www.risk.net/risk-magazine/news/1556633/mbia-cut-junk-s-p

    It took nearly two years for rating agencies to decide what CDS writers knew.

    http://www.safehaven.com/article-8758.htm

    ReplyDelete

Subscribe to: Post Comments (Atom)