[Empire_of_Liberty]

You have an interesting point. If the lenders are silent, perhaps something is going on.

We have seen how taxpayer money has flowed to specific causes through entities like USAID. This has explained, at least to me, news outlets that don’t care about ratings or viewership, among other things.

Corporations have seemed giddy in embracing DIE. You mention embracing being underwater on a loan.

Something does not smell right.

[Alberta's Child]

To be fair, these mortgages are sold off by the original lenders and packaged into bonds that pay very low rates but may be attractive to foreign buyers who are looking for a steady stream of income in a dollar-based asset.

If a European investor bought a U.S. mortgage bond paying 3% interest on the day I closed on my home, they would have earned a 3% annual rate of return in dollars ... but the value of the bond would have increased by 11% when measured in euros just from the weakening of the euro against the dollar.