To: Alberta's Child
mortgage-backed securities where the mortgages were written several years ago — meaning the money was already in circulation long before the Fed purchased the MBS instruments.But by buying those securities, they give the banks actual cash to lend out gamble with on Wall Street.
8 posted on
10/13/2013 2:17:55 PM PDT by
BfloGuy
(Workers and consumers are, of course, identical.)
To: BfloGuy
How exactly does a bank “gamble on Wall Street”?
10 posted on
10/13/2013 2:22:26 PM PDT by
Alberta's Child
("I've never seen such a conclave of minstrels in my life.")
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