Friday, July 23, 2010

Fed not looking to buy more mortgage securities, NY Times

So how in Gods name is the mortgage market to recover?

The Fed holds mortgage securities worth more than $1T, and is not eager to expand that portfolio further at this point, according to the New York Times

http://www.nytimes.com/2010/07/23/business/23banks.html?_r=2&adxnnl=1&ref=todayspaper&adxnnlx=1279881242-Cv3ErJ2b9rjLjOjVZUkfww

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