The FDR Framework is the backbone for a 21st century financial system. Under this framework, governments ensure that every market participant has access to all the useful, relevant information in an appropriate, timely manner. Market participants have an incentive to analyze this data because they are responsible for all gains and losses.
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Thursday, October 28, 2010
Free Lunch: Part III
There is another way for the Fed to acquire the non-agency residential mortgage backed securities from the bank balance sheets. It could simply exchange agency RMBS for the non-agency RMBS.
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