Epstein Secrets

0734390 You see, starting in early 2009, the Fed vacuumed up $1.25 trillion in mortgage backed securities (MBS) ... $175 billion in Fannie Mae and Freddie Mac debt ... and $300 billion in long-term Treasuries. The stated goal was to ease credit conditions, make mortgages and other loans cheaper, support e

hy should "QE2" be any different? EFTA00734390 You see, starting in early 2009, the Fed vacuumed up $1.25 trillion in mortgage backed securities (MBS) ... $175 billion in Fannie Mae and Freddie Mac debt ... and $300 billion in long-term Treasuries. The stated goal was to ease credit conditions, m

of the financial system in order to protect against future crises. We do not have to diagnose and correct the sources of the crisis, Fannie Mae and Freddie Mac, the community reinvestment act, so-called predatory lending, no- documentation loans, perceived global imbalances or savings gluts, Wall Street "gre

sis, and only a mild recession. Our financial system and economy could easily have handled the decline in home values and mortgage-backed security (MBS) values—which might also have been a lot smaller—had there not been a run. The central task for a regulatory response, then, should be to eliminate

Reform Our Nation's Secondary Mortgage Market — Reform of our housing finance system is required, as the current conservatorship of Fannie Mae and Freddie Mac is unsustainable. - Do not dismantle these entities without identifying a viable replacement or omit an explicit federal guarantee. These component

onal Piggybank - Freddie Mac and Fannie Mae charge lenders g-fees to guarantee the payment of principal and interest on mortgage-backed securities (MBS). — G-fees are passed on to consumers in the form of higher interest rates. — In recent years, Congress has proposed increasing g-fees to pay for o