This is BS. The Fed will keep buying bonds to monitize Federal debt “forever,” and will buy mortgage debt until all of the banks who own true crap mortgages, plus Fannie, Freddie, and the FHA have unloaded all they have for cash to the Federal Reserve.
The world’s biggest organized crime racket ever, with full Federal backing.
The world’s biggest organized crime racket ever, with full Federal backing.
The world’s biggest organized crime racket ever, with full Federal backing.
But the Fed doesn't buy crap mortgages from banks.