The Fed has a deal for you

Here is a little unnoticed item in today's Wall Street Journal page B7 Saturday June 14 under "Legal Notices." There is a sale in progress of CDO's and RMBS's, also known as "Collateralized Debt Obligations" and "Residential Mortgage Backed Securities." The total amount being auctioned off is a "measly" 2.3 billion dollars.

Auction 9 represents about 274 million dollars.



Auction 20 totals out at 412 million.



Auction 24 is only 260 million



Here are the people throwing the party:




Here's your program guide for the whole show:



You can Google the first four or five numbers of the cusip to figure out whose name is on the certificate. That can give you an insight into the quality of the security, but it won't tell you who currently is holding it. I have an idea who may be selling this crap, but I could be wrong.