U.S. Treasury Hidden Trickery in Mortgage Backed Security Recoveries

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Johnny Oxygen
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U.S. Treasury Hidden Trickery in Mortgage Backed Security Recoveries

http://www.marketoracle.co.uk/Article29968.html

Right on schedule, the US Treasury received around $11 billion from the proceeds of Mortgage-backed Securities sales last Thursday. Moreover, the US Treasury released an update on the MBS portfolio wind down titled; ‘Taxpayers Recoveries Reach 70 Percent Milestone‘. The title left us thinking; hmmm… sort of… Here, I highlight the hidden confiscation involved with this particular piece of trickery and present the usual daily treasury statement charts.

 

 

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