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I should've said 'credit default swaps'. OTOH, is it fair to say that the CDS prompted an excess of mortgages? And I do think there's room for viewing the ext
by pjmorris 10y ago
I should've said 'credit default swaps'. OTOH, is it fair to say that the CDS prompted an excess of mortgages?
And I do think there's room for viewing the extraordinary actions the Fed took as a recall, e.g. MBS purchases during QE 1, 2, 3....