I remember a time when many Republicans on the Hill viewed the Agencies retained portfolio (Agency MBS and even some private label MBS that they held on their own balance sheet) as the root of most financial evil, and the source of the financial crisis ...

Nick Timiraos
@NickTimiraos
01-09
NEW: Trump says he's instructing unnamed representatives to buy $200 billion in MBS in a bid to narrow mortgage spreads and bring down rates.

It was viewed as the initial source of systemic risk. Interest rate risk, not credit risk, was what always animated concerns about the GSEs before they were taken down by credit risk.
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