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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 708631"><p><a href="https://finance.yahoo.com/news/federal-reserve-announces-23-trillion-in-funding-for-households-local-governments-123445078.html" target="_blank">https://finance.yahoo.com/news/federal-reserve-announces-23-trillion-in-funding-for-households-local-governments-123445078.html</a></p><p></p><p>We really are turning this into a monopoly game. Corporate bonds, mortgages, car loans - now not only are banks going to make a margin on the sale, they are only on the hook for 5% of the loan and the federal government will take the rest. This is some real loony baloney ****.</p><p></p><p>Imagine being able to stop paying your mortgage, car payments, etc. All you have to do is negotiate with the bank to cover 5% of the loan value to keep them whole. They'll then kick it over to the federal government who will never kick you out of your house. They'll just write off the loan.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 708631"] [URL]https://finance.yahoo.com/news/federal-reserve-announces-23-trillion-in-funding-for-households-local-governments-123445078.html[/URL] We really are turning this into a monopoly game. Corporate bonds, mortgages, car loans - now not only are banks going to make a margin on the sale, they are only on the hook for 5% of the loan and the federal government will take the rest. This is some real loony baloney ****. Imagine being able to stop paying your mortgage, car payments, etc. All you have to do is negotiate with the bank to cover 5% of the loan value to keep them whole. They'll then kick it over to the federal government who will never kick you out of your house. They'll just write off the loan. [/QUOTE]
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General Investing and Economics Discussion - No Politics
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