To: SeekAndFind
Sorry, I do not see how buying mortgage bonds will improve the employment rate in any way
9 posted on
09/13/2012 3:25:31 PM PDT by
bill1952
(Choice is an illusion created between those with power - and those without)
To: bill1952
It won’t. This is nothing but giving Banksters guarantee that you the taxpayer will buy all the debt they create. Isn’t that wonderful.
To: bill1952
It's not supposed to. It's aimed at propping up the face value of mortgage securities comprised of mortgages on homes that aren't worth much anymore.
The whole purpose of this move is to bail out the institutional investors who thought they were buying AAA-rated mortgage-backed securities but learned the hard way that they were wrong.
19 posted on
09/13/2012 4:12:53 PM PDT by
Alberta's Child
("If you touch my junk, I'm gonna have you arrested.")
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