The Fed, as part of QE, has bought $480bn of mortgage-backed securities in the past year. BofA ain’t that far behind, with $360bn – > Fed has recruited B of A to nearly double the market impact of its mortgage-buying operation.
ft.com/content/41a105… https://t.co/LXudcdsJYC
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…