Agency take over

[Skip to the end] Recap: If I’m reading it right, the agencies will fund directly through the Treasury. I’ve been suggesting this for many years. This lowers the cost of funds for housing, the point of the entire program, by removing a premium that’s been paid by the lack of an explicit guarantee. Agency portfolios […]

Reuters: Paulson on Mideast USD pegs

[Skip to the end] Maybe the weak USD is causing him to have second thoughts on preventing CBs and monetary authorities from accumulating USDs to keep their currencies low and support their exporters? Ending dollar peg won’t solve Gulf inflation: Paulson by David Lawder (Reuters) U.S. Treasury Secretary Henry Paulson said on Saturday the dollar […]