hey( WHO's counting? Let's say the fed did NOTHING. Then these semi-public companies would no lolnger be able to sell their bonds.
The bonds they sell are Mortgages, that are (get this)... Packaged together, not sub-prime, but are pooled into big (think million dollar) pieces.
Gee... Sounds similar to the previous (Sub-prime Mortgage ) bonds that lost all their value.
or similar to what I think will be the next crisis: the crisis based on the CREDIT card balances that have ALSO been aggregated into major league bonds.
Arguh.
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