[SunkenCiv]

the Federal Reserve announced Tuesday that it would use the proceeds from its huge mortgage-bond portfolio to buy long-term Treasury securities... taking an unmistakable step to maintain the large amount of money that it pumped into the economy, starting in 2007, to prop up the financial and housing markets.

Thanks John W.

[popdonnelly]

Given the federal government’s insistence that lenders make bad loans, how much are the Fed’s mortgage securities really worth?

[popdonnelly]

This crap will only end when we reduce the liberals to political impotence.

[KTM rider]

This is the result of selling loans that never got collected on , and then allowing the sold loans to be cashed in before they ever got payed off and never will be.

Its called fraud . We have been defrauded and ebezzled by the Fed, and our own government encouraged it (republican and democrat)

[Monorprise]

And so it begins...

[dragnet2]

Fed to Buy U.S. Debt

Oh good... Will the banks just send us a statement indicating our debt is paid off?

Should we wait to hear from our banks or just call them to confirm?

Should we discard our bills or just return to sender?

[Captain Peter Blood]

The only problem with this is that it is a lie. The Fed does not have enough paper maturing to reinvest enough monies to help.