Mortgage Back Securities Buyback Denied......

Today, both the BOE and and the Fed came out and denied they are working on a plan to buy mortgage back securities in the open market place. In the past the Fed has also warned us about inflation at every turn, said interest rates do not need to be cut and the economy is in fine shape, and finally sub-prime is not a problem.

I bet you they start buying the MBS's by the end of April at the latest.