fed's involvement in the
mortgage-backed securities.
there has been a report out
recently that says that, i think
"wall street journal" said
you're 10% underwater on the
mortgage-backed securities.
there is currently $480 billion
worth, i think is the number
that they use.
so, as we look forward, i have a
couple of different questions
related to this.
are you concerned that the risk
of the fed purchases will
outweigh the benefits?
and that's first question.
the second question would be
this.
the fed has said that they will
buy up to a maximum of $1.25
trillion of mortgage-backed
securities.
do you plan to go up to that
limit and if so, by when?
>> on the first issue, i'm not
sure about the correctness of
that calculation.
because we have a mix of
securities, not just ones we
purchased recently.
but it is not our anticipation
to be selling those off on the