don't forget about the trillions in CRE (commercial real estate, including multifamily which is apartment buildings) the NYfed holds
underwater and fucking vacant

>>513526152
>and Commercial Mortgage-Backed Securities (CMBS), too, such as apartment buildings, trailer parks, nursing homes, offices, strip malls, warehouses, student housing, and RV parks and are keeping these real assets in their privately-incorporated LLCs (aka Special Purpose vehicles (SPVs)).
pic fucking related

>>512055425
>These credit unions and community banks also don't hold all the shit MBS and CRE debt
like the primary dealers do in pic rel
$4fucking trillion