Picture Yourself as a Loan Officer, and Uncle Sam Wants a Loan
When Obama took office, the banks, bondholders, and creditors were on the hook for the agency MBS. The FED owned none. Now you and I are on the hook for $1.25T of agency MBS. The buying power of my few remaining dollars are evaporating.
I don't want to fire Robin Hood come November, I want the SOB hung.