Mortgage meltdown part two. The banks do not loose. The taxpayer looses on these Federal backed loans.
Last time this happened we damn near went into a depression.
This is madness.
It looks like Bidet is going to double down on every failed policy ever done in the last six decades.
The future economic crash is gonna be epic—the trick is getting out of markets in time...
” The banks do not loose. “
That’s exactly what this is AND the piggyback insurance companies bundlers.
Under Trump this wouldn’t have happened as industry would have returned to the United States instead of the Communists.