The Fed's $1.25T of mortgage-bond purchases has made some securities so hard to find that Wall...

|By:, SA News Editor

The Fed's $1.25T of mortgage-bond purchases has made some securities so hard to find that Wall Street has been unable to complete an unprecedented amount of trades. Failures to deliver or receive mortgage debt reached $1.34T in the week ended July 21, vs. a weekly average of $150B in the five years through 2009.