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View Diary: Explosive Bloomberg Editorial: Bank Profits are "almost entirely" Taxpayer Money (125 comments)

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  •  I worked many years for a large lease/loan (0+ / 0-)

    accounting software company and mortgage servicing software was our specialty.  Putbacks are nothing uncommon.  But that is irrelevant to the issue of whether the Fed is buying "toxic" mortgages.  They are not.  End of story.

    They are buying federally GUARANTEED bonds.  That is my point you are evading.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Sat Feb 23, 2013 at 05:06:54 AM PST

    [ Parent ]

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