The key here is “mark to market”. The Fed isn’t going to do that. I believe the Fed has explicitly stated that it would hold the doggy securities it was buying to maturity if conditions warrant it.
Negative real capital... no problem if you have a printing press.
Doggy? What do you mean?
Negative real capital... no problem if you have a printing press.
You got that right. Plus, they have $330 billion in gold.