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The bigger question is why these don't already exist.
My understanding is 30 year fixed rate wouldn't even exist except for the backstop provided by Freddie and Fannie
Right, so these would be an even greater transfer of risk to the taxpayers from the banks.
People seem to understand that welfare creates dependency and a week class of people. They don't know that the banks get this as well as other industries like the airlines.
We have weak industry due to socialist ideas for business. We don't have free markets everywhere. And if you wanna see where this corporate welfare is present just look at industries that suck.
Banks, health insurance, airlines, and utilities. They are TOO important to NOT be exposed to free market pressure.
Crapitalism
Don’t forget the soybean farmers
Haha
Of Trump panicking, imo
I'm panicking a bit too, it seems like my California is going even further left. If the result of Trump is making California go further left, then Trump is a failure in my eyes.
The boomers rode the 30 year mortgage to wealth those who are smart can do the same with the 50 year
50 year mortgages. What could go wrong? Seems likely this is a signal to me. Of what? Not sure.