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An historically unprecedented mess has been created by compromised central bankers. as its Federal Reserve announced $1050 billion in monetized USTreasury Bond and USAgency Mortgage Bond purchases.
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Mortgage, Foreclosure Mess Broadens, Deepens Indicating growing sophistication among issuers and investors, commercial mortgage-backed securities (cmbs) and other, more complex instruments, including credit derivatives and credit default swaps, are embraced. Throughout the cycle, the market broadens and deepens, becoming more and more global.
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