When the government tells you the Banking system is safe do you

a reply to: IndieA

All commercial and residential mortgage backed securities outstanding are reported to be about 44% of nominal US GDP. That’s almost $10 trillion investors are valuing all those assets these days.

The Federal Reserve reports on its balance sheet now almost $3 trillion in mortgage backed securities. Looks like they have to hold about one third of that market to keep it propped up.