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The Fed Is Burning Money | Harley Bassman
Forward Guidance
Mortgage Back Securities That Melted Down, Uh, There Was Credit Risk
Mortgage back securities that melted down were, there was credit risk. This is just pretty vanilla mortgages that are guaranteed. They have no credit risk. So your risk here is interest rate risk,. Do you have that right? Any yourii it as any red or jenny, i will not default, period. It won't default now. And you'll get your principal interest on a timely basis. The service people behind fanny and friday, they got, they deal with the nonsense of of of forclosures and everything else. But you will get your money every 30 days, on time, rainer shine, no matter what.
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