Over at TPM, we noted earlier today the news that the Federal Reserve has hired four investment firms — BlackRock, Goldman Sachs, PIMCO and Wellington Management Company — to manage its mortgage-backed securities purchase program, in which it will buy up $500 billion worth of mortgage bonds, in an effort to boost the housing market.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=172261