Federal Reserve Board chairman Ben Bernanke said Tuesday that other programs have jumped ahead of the idea of the central bank buying longer-term Treasurys. "We do have a couple of other things going on right now," Bernanke said, specifically mentioning the Fed's purchases of mortgage-backed securities and plans to start buying other consumer loans.
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Bernanke: Other plans have moved ahead of buying Treasurys
http://www.marketwatch.com –
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Obama's challenge tonight: answer CNBC's Rick Santelli
http://latimesblogs.latimes.com –
The CNBC reporter and former derivatives trader issued a tirade on the air last week against Obama's $75-billion home mortgage reform plan. When he ranted on the air that "the government is promoting bad behavior" by bailing out "the losers" who took out irresponsible mortgages and accused the Obama administration of turning America into Cuba, Santelli unleashed a spontaneous explosion of anger.
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Agency Mortgage-Backed Securities Purchase Program
http://www.newyorkfed.org –
Transactions in agency MBS by investment managers acting as agents for the System Open Market Account (SOMA).
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