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To be clear, I think MBS are morally wrong in how they're implemented in the market, yes. A bubble 15 years ago? We're in a massive housing price increase bub
by walrus01 4y ago
To be clear, I think MBS are morally wrong in how they're implemented in the market, yes.
A bubble 15 years ago? We're in a massive housing price increase bubble now.
Buying $80bn of MBS in the middle of a well-known housing price bubble is catastrophically stupid.