long end of the curve?, page-32

  1. 3,072 Posts.
    more BS mango, when FED exchanges eg: dodgy MBS for freshly printed, it takes the turds out of circulation, preventing those MBS needing to meet reality of being sold at mark to market.

    Therefore extending and pretending all is good, all is still 100c to the dollar, when it is clearly not, or said eg: MBS would find a legit buyer on the free and open market easy enough.
 
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