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10 sats \ 1 reply \ @Undisciplined OP 15 Nov \ parent \ on: The Fed’s "Temporary" Mortgage-Backed Security Experiment Will Last Decades econ
I thought it was going to be a bigger problem at the time, but I'm not surprised it's lingering.
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24 sats \ 0 replies \ @Rothbardian_fanatic 15 Nov
Yeah, there is no way they want to take a half-trillion dollar loss on the books! There is not enough space in the cells for such numbers! Why don’t we apply Warren’s marked to market methods of assessing the value of current assets? We could break the FED right now! It would go bankrupt and we would be done with it because it is a private organization.
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