4 ms·
> explicitly guaranteed You mean implicitly, because there is no explicit guarantee ANYWHERE saying so. > it’s not allowed to fail due to its systemic importa
by keep_reading 3y ago
> explicitly guaranteed
You mean implicitly, because there is no explicit guarantee ANYWHERE saying so.
> it’s not allowed to fail due to its systemic importance
Agency MBS. Fed has no mandate to keep buying and they're not. BoA can definitely fail. It would be disastrous to NOT let it fail.