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« Will the Democrats Lose Control of the House? | Main | Weighing the Week Ahead: A Fresh Start »

April 27, 2010

Comments

m.revy@yahoo.com

It seemsto me that if the FED bought mortgages once - they will probably continue to do it again - especially if they deem their strategy failing.

Reminds me of FDR and what happened after his 1933 bank holiday http://www.newyorkfed.org/newsevents/news/research/2009/rp090615.html

Too bad that post crisis - Government never relinquishes power. FDIC should have been shutdown and banks mandated to get insurance away from the government.

Similarly - these purchases of mortgages can be thought of as quasi FDIC 100% insurance .. if it continues taxpayers and our currency are more and more at risk.

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