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Tuesday, 08/19/2014 10:30:39 PM

Tuesday, August 19, 2014 10:30:39 PM

Post# of 732302
This is interesting:
Did you know that the FDIC is about to start issuing securitized mortgages as an investment instrument?

http://www.ritholtz.com/blog/2010/07/fdic-pilot-securitization-program/
So far, the FDIC has closed over 300 failed banks, draining its cash reserves. For their troubles, the FDIC now owns over $37 billion of bad-bank assets, worth, well, whatever someone else is willing to buy ‘em for. Best guess is from 10 to 50 cents on the dollar.

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