> > (email exchange) > > Some weekend reading – important but not urgent… > It’s almost a certainty that complaints about foreclosures and requests for repurchases like those filed by The Fed and PIMCO against BoA, here, will increase in the coming year, increasing the likelihood of some form of congressional action to again try and […]
Tag Archives: BoA
MBS Repo Markets
Thanks Pat, good report. Yes, the Fed knows the assets won’t go away, and all they want is to see funding spreads narrow to help insure the banks aren’t forced to sell due to funding issues and thereby distort prices beyond prudent repricing of risk. TAF auction (20bb) results announcement will come out tomorrow Wednesday […]