Looking at yesterday, there were mortgages used as collateral. https://apps.newy... | Hacker News

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		Red_Leaves_Flyy on Dec 19, 2019 \| parent \| context \| favorite \| on: New York Fed Again Upsizes Liquidity Plans for Tur... Looking at yesterday, there were mortgages used as collateral. https://apps.newyorkfed.org/markets/autorates/tomo-results-d...

quickthrowman on Dec 23, 2019 [–]

That’s Agency Debt, which I specifically stated can be used as collateral for a repo loan.

Red_Leaves_Flyy on Dec 25, 2019 | [–]

And if that mortgage debt is overvalued rubbish who pays?

I'm trying to avoid pedantic arguments and focus our discussion on the safeties and how effective they can be when the unthinkable happens.

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