[Pearls Before Swine]

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.

[Toddsterpatriot]

I believe the Fed has explicitly stated that it would hold the doggy securities it was buying to maturity if conditions warrant it.

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.