. . . Oh, wait.
So, congratulations taxpayer! You are the proud owner of 500,000,000,000 dollars of mortgage backed securities, purchased by Uncle Ben in a valiant attempt to stave off higher mortgage interest rates.
Nevermind that mortgage rates are none of the Fed's business.
Nevermind that the market is too large to affect with anything but the fundamentals.
No, we're going to have a command economy NOW by gum!
Except that this year it looks like 1.8 Million foreclosures or more.
So President Obama, how's that whole "keeping rates low by beggaring our grandchildren" thing working out for you?
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