Just to prove the Fed hasn’t got a clue what its doing. But at least it made a lot of pretty 000’s on its balance sheet.
Did the Fed Just Accidentally Trigger a Housing Market Crash? By flooding the market with money, the Federal Reserve just accidentally pushed mortgage bankers to the brink of bankruptcy. The Federal Reserve just bought $250 billion of mortgage-backed securities in a bid to strengthen the markets. But the move caused a tsunami of margin calls … Read more