New Scheme: US Banks Go Crazy Buying Mortgage Bonds To Front Run The Fed

The Fed has increased its buying to $40 billion per month. Hedge Funds & large banks have responded by creating and front running more for easy profits…

by Jason Burack of Wall St For Main St

Since March the Fed has increased its buying of mortgaged backed securities (MBS) to $40 billion per month and Wall Street (hedged funds and large banks) have responded by creating more and front running the Fed for easy profits on this new scheme.

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