On Sep 6, 2007, at 11:51 AM, Jim Devine wrote:
By the way, if a bank owns mortgage-backed securities, does it hold loan loss reserves? Are banks allowed to own such securities?
Dunno about the reserves, but U.S. banks hold over $900 billion of them. See bottom of: <http://www.federalreserve.gov/releases/h8/Current/> Doug
