[转贴] Ben Bernanke buy stocks?

not4weak

At the 2010 session, Fed Chairman Ben Bernanke said U.S. policymakers were prepared to buy more government debt, mortgage securities, homes and stocks if the economy were to worsen significantly or if there was a prolonged drop in prices and wages.

not4weak

DOW 30 size is around 1.3T I guess?

not4weak

他上次应如此做

何鸿燊

Buy 2nd mortgage /piggy-backed mortgage, etc from origination banks.  Without housing market coming back, the job market and bank balance sheet will always be in a limbo.

秂忢空

他上次应如此做
not4weak 发表于 2011-8-19 09:49

实际上，从09年他就这么干了。 看来共和党说他“卖国” 是名副其实的。 国会可不可以fire了Bernanke？？？

Acceptable Collateral
In most cases, the Fed demanded collateral for its loans -- Treasuries or corporate bonds and mortgage bonds that could be seized and sold if the money wasn’t repaid. That meant the central bank’s main risk was that collateral pledged by banks that collapsed would be worth less than the amount borrowed.
As the crisis deepened, the Fed relaxed its standards for acceptable collateral. Typically, the central bank accepts only bonds with the highest credit grades, such as U.S. Treasuries. By late 2008, it was accepting “junk” bonds, those rated below investment grade. It even took stocks, which are first to get wiped out in a liquidation. （我靠，我要是能拿08年的股票做抵押，我早就ＴＭＤ买下ＹＹＢ了）。
Morgan Stanley borrowed $61.3 billion from one Fed program in September 2008, pledging a total of $66.5 billion of collateral, according to Fed documents. Securities pledged included $21.5 billion of stocks, $6.68 billion of bonds with a junk credit rating and $19.5 billion of assets with an “unknown rating,” according to the documents. About 25 percent of the collateral was foreign-denominated.