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Reply #166: A trillion in MBS with Frannie and Freddie written on it. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
westerebus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-12-10 07:52 PM
Response to Reply #164
166. A trillion in MBS with Frannie and Freddie written on it.
That I believe is taxpayer risk, as taxpayers are the underwriter's of those obligations.

It's held by the FED or do I have this wrong?

Then there's the gold. Who does that belong to?

Are you saying, we the taxpayer's don't owe the FED anything?

I don't see how that happened.

QE2 is the FED buying US debt and according to Ben: " We are using the FED's money to do this ".

So who's money was he using before this?

I know the FED can create money and the Treasury can sell debt.

So if the FED is buying Treasury debt, with their money, taxpayers are not on the hook for the loan?

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