News Focus
News Focus
Followers 6
Posts 1398
Boards Moderated 0
Alias Born 10/08/2009

Re: AllRightWamu post# 609859

Wednesday, 05/20/2020 4:44:12 PM

Wednesday, May 20, 2020 4:44:12 PM

Post# of 864221
Its the normal churn of investments. Moving back and forth from cash to securities. When you have over $3T invested and have an approximate 1% churn rate you would expect cash to flow in/out at the rate of about $30B per month.

But it's not really their cash. It's just money waiting to move into more mortgage related securities. I think some who had not previously noticed this got excited when it appeared Fannie and Freddie had much more cash than they had net worth.

CatBirdSeat where do they get so much money? From Santa Clause?