"Cheap" credit [to those lucky enough to be eligible] - check
Push credit cards to everyone [at 29.95% APR] - check
PPIP to get $1 trillion in securitization back [this one may be tough] - check
CNBC mantra of consumer to buy, buy, buy [thanks Bob Pisani] - check
Truly, those rocket scientists in the Fed and Treasury have figured out everything that made Greenspan such a hit with the ladies.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYoJtt9yjKYgJelSLtp9_NzCdGtIXHLdSpuh0zfBDDXgebo9nvJ5O8qVnkeuaFq0ynWYbryObQ3lD0AQ0296flsZjLlDS3Bf4JKiRk5Pkb98eFg11ocoyPiojbUCQh_h84wCKxRxGlIJQ/s400/GT10+MTGEFNCL+5.7.09.gif)
And just for those who care about maturity more than duration match, here is the 30 - 30 comparison. Yep, you are seeing it right - mortgages trade tight to securities, compliments of Paulson, Bernanke, Fannie and Freddie.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_D2uk8FsZ4RGenPh5UK32MBXlsbzmBFYfgQoUSOFRLu1jPFUBZz-HlEBUQ4U4PYPADZ6-kmEj2kh-VhuNaDxy2TSMhPhgME6-Jpql4kVGNUrWkfP2AwnirZM5Ke5epd_9YZGpw2d1EE0/s400/GT30+MTGEFNCL+5.7.09.gif)