How much of the TARP crap off-loaded from the banks was simply cycled through Fannie & Freddie and then relieved by The Fed under QEI/QEII bonds purchased to enhance market liquidity? How, otherwise,could the GSEs have so rapidly returned to profitability?
Somebody over the weekend should get this all together and put in tweet format for everyone to see. I doubt very many people know or have seen this from Treasury.