Why has the FED offered to exchange U.S. Treasury securities for mortgage backed securities.....?
question. have doubts going on here. fed taking mbs(mortgage securities) not liquid , of less , less worth , exchanging them treasuries (which sure thing) covers true weakness of swapping institutions balance sheet. gee, companies assets nice , strong , liquid, inflates reality of position. think smells "cooking books" , hides truth.
and loan money directly both commercial banks , non-bank financial services companies???
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