Ep. 264 Is the Fed Bailing Out the Banks
Bob Murphy Show
00:00
The Fed's Overvaluation of Mortgage Backsecurities
The Fed is considering buying mortgage backsecurities from troubled investment banks. The move could be seen as helping firms that made poor decisions, says CNN's John Defterios. But it would also put the Fed's thumb on the scales and overvalue their assets more than how the market values them, he adds.
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