Relevant:
- The Fed has no endgame
- Federal Reserve continues shadow bailout of banking industry -- $947 billion of overpaid and low demand mortgage backed securities sit on the massive $2.8 trillion Fed balance sheet
- Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings
- Republicans' "Holistic" Bill to End Most Government Mortgage Support
- JPMorgan Chase To Sell Mortgage-Backed Securities Backed By Loans In Default: Report
2013-06-20 — kingworldnews.com
``"Since the 2008 meltdown, the Fed purchased many financial instruments including mortgage-backed securities to arrive at the current $4 trillion balance sheet. It seems to us that the cornerstone of an exit strategy would be to securitize the mortgage-backed securities, and sell those back into the retirement and endowment funds. ''
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