Friendly note in response to Naked Capitalism, re concerns over the bailout:https://taibbi.substack.com/p/a-quick-note-in-response-to-naked?utm_campaign=post&utm_medium=email&utm_source=twitter …
The number I'd be most interested in hearing as regards the last bailout is how much money the Fed *lost*. Current guess: of the $2.1T mortgage backed securities purchases, half lost; other stuff almost all repaid. But that's completely a wild-ass guess.
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Looking into it a bit more, seems like the Fed only bought "agency" MBS (insured by Fannie and Freddie), and it was the agencies that took the hit. Still not entirely sure about this, though.
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