Government Hijinks Affecting You: Fed Buying MBS, Mohamed El-Erian, FDIC, TBT Fail, Louis Kaden, Bury in Debt, Tax Cuts?, Ben, Recoveries, GNMA Reverses
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Fed May Not Need to Buy All Authorized MBS, Two Officials Say - By Vivien Lou Chen and Steve Matthews - The Federal Reserve may not need to buy the full .25 trillion in mortgage-backed securities the central bank has authorized by year-end, two regional Fed bank chiefs said. Richmond Fed President Jeffrey Lacker said yesterday in a speech in Danville, Virginia, that he’ll evaluate “whether we …
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