From CNBC: Pimco's Gross: Fed Should Buy Mortgages.
The Federal Reserve needs to take a more active role in stemming the housing crisis, possibly by exchanging Treasury notes for mortgage notes, Pimco Bonds Chief Information Officer Bill Gross said on CNBC.
Fed buys MBS's. Dollar has a cow. Derivatives markets implode. Canned peas and AK-47 time.
Anybody who talks about "bailouts" hasn't done the math. All you need is one small index card, a pencil, and lots and lots of zeroes. Scientific notation might ease the pain, and prevent RSI.
I would also note all the failed "rescue" plans, and cite that ol' military adage that a failed rescue is no rescue at all.
Boring. Next.
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