Saturday, March 22, 2008

Hold on buying financials just yet?

Fed Denies Discussions to Buy MBS; hold on buying financials just yet?

Earlier I linked to the Financial Times story that suggested central banks were discussing buying mortgage back securities (MBS).

Greg Ip at the WSJ writes: Fed Says Not Discussing Coordinated MBS Buying

The U.S. Federal Reserve, responding to press reports, said it is not discussing coordinated purchases of mortgage-backed securities with other central banks.

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