Pages

Search This Blog

Monday, October 26, 2009

Mortgage madness

Mortgage madness
US Federal Reserve claims that prices of mortgage-backed securities are likely to fall when it eventually begins offloading them are far-fetched. Not only will the Fed have to live with exposure to the securities for years to come; Washington's mortgage risk will at some point make or break the US dollar.
http://www.atimes.com/atimes/Global_Economy/KJ27Dj01.html

No comments: