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Gov't wants banks to buy back bad mortgages

I'm still wrapping my mind around this story from the New York Times:

Two years after the Fed bought billions of dollars in mortgage securities as part of the financial bailout, its New York arm is questioning the paperwork — and pressing banks to buy some of the investments back.

What?

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Jonathon M. Seidl is a former managing editor of Blaze News and a best-selling author and speaker. His next book, “Confessions of a Christian Alcoholic,” will be released on October 7, 2025.
Jonathon M. Seidl

Jonathon M. Seidl

Jonathon M. Seidl is a former managing editor of Blaze News and a best-selling author and speaker. His next book, “Confessions of a Christian Alcoholic,” will be released on October 7, 2025.

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