Fed may buy Mortgages next, Treasury Investors Bet, page 1

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Topic started on 24-3-2008 @ 12:29 PM by DimensionalDetective

Fed may buy Mortgages next, Treasury Investors Bet

www.bloomberg.com

March 24 (Bloomberg) -- Forget lower interest rates. For the Federal Reserve to keep the financial markets from imploding it needs to buy troubled mortgage bonds from banks and securities firms, say the world's biggest Treasury investors.

(visit the link for the full news article)

reply posted on 24-3-2008 @ 12:29 PM by DimensionalDetective

I saw this coming...I don't know how anyone else feels about this, but this gives me the willies. Talk about the 'New World Order consolidation of Banks' and this type of stuff makes me think we are going to see things become almost surreal in terms of the power imbalances. Fed owning all the homes and land? Eesh

Talk about more power and leverage against an already powerless society.

www.bloomberg.com
(visit the link for the full news article)

reply posted on 24-3-2008 @ 12:48 PM by Maxmars

Assuming the Fed were to buy these mortgages, does that mean that the private bankers will be subject to the same 'market fluctuations' as the consumers? Somehow I doubt it. It gives whole new meaning to the phrase 'eminent domain.'

How on earth are all of our savvy talking heads going to spin this one I wonder. Considering that they still haven't pointed out the obvious Federal Reserve weirdness that's been going on since JP Morgan got their instant 30 Billion dollar loan.

Do any of our elected officials have a clue?

reply posted on 24-3-2008 @ 01:00 PM by dgtempe

Everything sounds like NWO mixed in with Communism.

Does this mean that we would pay mortgage to the government?

I'm a little slow to catch on. sorry.

reply posted on 24-3-2008 @ 01:02 PM by Kruel

Wow... so the Fed is basically going to own America? It's starting to become clear.

reply posted on 24-3-2008 @ 01:58 PM by roadgravel

Wouldn't this be only the mortgages that are in trouble with foreclosure. I suppose those banks, etc. in question could also toss in some others that they fear may be in trouble in the future.

It does open the door for much more control in the future, it would seem.

reply posted on 24-3-2008 @ 02:31 PM by infinite

The Fed will be buying the bad apples and taking them out of the market, thus restoring order to the global finanical system

They could of done that ages ago...

In fact, this is a good thing because it means the crisis is now over

reply posted on 24-3-2008 @ 05:59 PM by St Udio

Originally posted by DimensionalDetective

Fed may buy Mortgages next, Treasury Investors Bet

www.bloomberg.com

March 24 (Bloomberg) -- the Federal Reserve
.... needs to buy troubled mortgage bonds from banks ,
say the world's biggest Treasury investors.

the article does not go into the fact of ~ just who are these Treasury Investors ~

for the Federal Reserve to outright Buy all the existing mortgage paper
(both good and bad) would either bankrupt the Fed
or just deplete the Federal Reserves' appox. $700 Billion in Treasuries
and their $700 Billion in other holdings & securities.

The Fed last week announced they will 'swap' up to $400 Billion
they have in US Treasury bonds/securities,
with the bank collateral consisting of AAA investment paper and mortgage bonds...& they would lend that 'swap' for 28-90 day intervals---
with the implication that the short term loans could be recycled again ->
which effectively makes the Fed the 'owner' of that mortgage bebt when it is presented for loans.

So, these shadowy 'worlds biggest Treasury Investors' are actually behinf the curve.

Next... It is my understanding that Red China has the largest stash of US Treasuries on earth---some +$1Trillion Dollars worth !!

If Red China is that undisclosed 'worlds biggest Treasury Investors'...
I can appreciate their opinion and input... but ...
Let them shut up aand hold those Treasuries or else convert the Treasuries
they have into cash, and then buy assets through their "Sovereign Wealth Funds"...

Or else - why doesn't the reporters actually Identify this unnamed group of wealthy Treasury holders?

'nuff said imho

reply posted on 24-3-2008 @ 06:10 PM by worldwatcher

reply to post by St Udio

great point
and this pretty much tells it as it is for those who don't know
Biggest Foreign Treasury Investors

as for this whole mortgage mess, all I can say is... NO fair. No fair to people who handle their budgets and live within their means, but can't afford a home now because of the bubble blowing and bursting that has been going on.

reply posted on 24-3-2008 @ 07:34 PM by ModernAcademia

Originally posted by dgtempe
Everything sounds like NWO mixed in with Communism.

Does this mean that we would pay mortgage to the government?
I'm a little slow to catch on. sorry.

Of course it doesn't
the FED is like Blackwater
They are private and not at all govt. controled
they are a private organization

reply posted on 25-3-2008 @ 01:00 PM by Maxmars

You know, it occurs to me that this financial manipulation could lead to the institution of a 'debtor's prison' for all those unfortunate enough not to be born bankers (i.e. automatically 'forgiven' for financial ineptness.)

**oops** does the above constitute a one-line comment no-no?***

[edit on 25-3-2008 by Maxmars]

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