© 2024 Blaze Media LLC. All rights reserved.

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?

Want to leave a tip?

We answer to you. Help keep our content free of advertisers and big tech censorship by leaving a tip today.
Want to join the conversation?
Already a subscriber?