Mike Konczal
rortybomb
you: corporate QE is a trillion dollar slush fund, free money for corporationsme: it probably just reduced spreads 15-30bp.newest big TRACE research: it reduced spreads 25bp.Prescient, bold market calls: why
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Problems with Obama-era HAMP were that (1) as thinly-resourced, fast-moving payment processors, servicers were incapable of handling credit writedowns and (2) they profited when homeowners were in duress, lost money
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