Utilitarian
co-Cain Manager
So when government buys securities based on mortgage loans, that somehow doesn't involve tax money and does not qualify as corporate welfare? Elaborate on this.We clearly define it very differently,
Yes, you clearly have the wrong definition.
Nevertheless, how else would you describe using tax money to buy MBS's?
No tax dollars were used.
How was it corporate welfare? Or are you off that claim?
MBS's are instruments based on private mortgages.
Okay. And?
Are you confusing TARP loans with Fed QE?
What I just described is part of QE. I feel like we're not even speaking the same language at this point.