Fed stuck with $2.7T in toxic MBSs from 2008 bailout, can’t unwind without crashing the real estate bubble. Homeownership dream dead for under-35s, thanks to Keynesian Fed policy

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In 2008, the Fed came to the rescue of the Wall Street banks that caused the 2008 crash by transferring $2.7 trillion in toxic-waste Mortgage Backed Securities (MBSs) from the banksters to the public ledgers. Now it can’t offload these MBSs without imploding the housing bubble.

Thanks to the Keynesian fraudsters at the Fed turning shelter into a speculative asset bubble, virtually no one under 35 will ever own their own house free & clear

 

h/t Boo_Randy_II