Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

My main point is that for the mechanics of QE to work the FED will need a Very large and VERY liquid MBS market to be in place.

How much longer can QE go on? The Fed's balance sheet is already up to $4 trillion. On the otherhand as long as the US gov runs such high deficits unless the Fed buys that new debt, who else will?