I have been trying to write a post on what could be achieved by Fed purchases of agency issued MBS. My only new point is that the MBS price that…

…Mae and Freddie Mac) and not (private-label MBS) means it will have eventually sold or pledged half of its Treasurys, limiting how many more of these tricks it can pull…

…had set aside the necessary reserves to back the tranched MBS and the more risky CDS/naked CDS. These were the heady days of financial engineering and gambling on Wall Street….

…mortgages. In case you forgot how TBTF (necessary reserves to back the tranched MBS and the more risky CDS/naked CDS) threatened the US with their minimalist mortgage loans . ….

…is that they had their own mortgage origination units. So after all the other “private label issuers” (read: non-GSEs) stopped buying mortgages for MBSes around Hallowe’en of 2006, Bear was…