pull down to refresh
110 sats \ 6 replies \ @SimpleStacker 11 Nov \ parent \ on: How to get filthy rich with the 50 Year Mortgage econ
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.
reply
reply
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
reply
Don’t forget the soybean farmers