Mosler proposal for the housing agencies
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
August 31, 2010
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
> > (email exchange) > > On Mon, Mar 1, 2010 at 3:40 PM, wrote: > > Hi Warren, > > I believe this is along the lines of
[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