Under Mnuchin, the Fed is being forced to take Corporate Mortgage Backed Securities. Financial companies are lining up to offload this junk onto the FED which will ultimately implode as people default. Fed goes bankrupt.
Under Mnuchin, the Fed is being forced to take Corporate Mortgage Backed Securities. Financial companies are lining up to offload this junk onto the FED which will ultimately implode as people default. Fed goes bankrupt.