Have the Fed Financing Bank fund the agencies with fixed rate amortizing term funding. Have the FFB eat the convexity and allow prepayments of advances
[Skip to the end] Wonder what Congress thinks of the CEO’s attitude toward ‘taxpayer money?’ Send this to your Congressmen, thanks! Fannie’s portfolio may grow
[Skip to the end] My take is an RTC type solution only works when the government owns the institutions, so this will probably be different.
[Skip to the end] A minority view but a growing one. They are thinking the low rates are destabilizing the housing and financial markets via