fed actions are shrouded in mystery and arcane magics. that’s probably why no one can really comment.
personally, i think the money went straight into certain pockets of those vested in mbs’. trying to unload their holdings, they can’t because no one is buying. the fed opens up, buys out these holdings from their friends (30 bil? chump change, mbs market “worth” some 6 tril). meanwhile, the dollar gets devalued even more, inflation goes up and we all get the fcked.
doesn’t mean the market will be “saved”. the fed actions should probably be taken as an “abandon ship” type warning.
