3 ms·
Because after 2008 the fed became one of the largest landowners in the country and by proxy have a vested interest in propping it up.
by slickrick216 6y ago
Because after 2008 the fed became one of the largest landowners in the country and by proxy have a vested interest in propping it up.
- culopatin 6y agoThe Fed as in the Federal Reserve you mean? Do you have a source? I think you may be confusing things.
- Guest42 6y agoThey purchased I believe a third of the mortgages.
- dredmorbius 6y agoThe US Federal Reseve holds about 30% of all US mortgages: https://www.bloomberg.com/news/articles/2020-09-01/fed-s-mortgage-buying-spree-at-1-trillion-with-no-end-in-sight https://www.bloomberg.com/news/articles/2020-09-01/fed-s-mor... Though I'd dispute that the Fed cares particularly about their valuation. The Fed's dual mandates are inflation and unemployment, not balance sheet returns.
- refurb 6y agoOwning a mortgage (on the lender side) doesn't mean you own the land.