SmarterthanYou
rebel
please explain this one away
I did already.
"In a bid to help the economy by encouraging people to buy homes, the Fed said last month it would buy $40 billion in mortgage-backed securities every month until the jobs outlook improves substantially. "
40 billion a month in mortgage backed securities. why wouldn't financial institutions throw out money to people who can't afford it as long as it's backed by the fed? we call this 'building a bubble', maybe you've heard of it?