Burack: Who Is Buying Up the Toxic Mortgaged Backed Securities (MBS) That The Fed Is Selling?

Wall St. For Main St., Released on 7/16/19

The Fed is still doing QT and just dumped a record amount of mortgaged backed securities (MBS) of $30 billion dollars in a single month. But who’s buying the toxic MBS?

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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