Wednesday, February 24, 2010

Hamilton on the Treasury Supplementary Financing Program (SFP)

Warning: geekiness level more elevated than usual.

Hamilton thinks the increase in the SFP is rather surprising given the other "outs" the Fed could use, and it may be part of a broader, still undisclosed strategy. This strategy in my opinion would simply be the unlegislated bailout of Fannie and Freddie.

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