Quote:
Originally Posted by fintstone
I am more concerned about the last 8 years where we decided to let ISIS win and still created almost $10T debt than the previous 8 years where we defeated both the Iraqi and Afghan nations/governments with half about half that much debt. Maybe sending so much to Iran and Hamas was the worse problem.
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The FED holds about 2.5T of that 10T in new debt.
The FED holds about 1T in mortgage backed securities. You know all that bad paper Freddy was sitting on from all those foreclosed homes..many of which STILL SIT VACANT at least in this town anyway. As in OFF THE MARKET...