> "It is difficult to think of another social policy that more successfully multiplies America’s inequality in such a sweeping fashion." > "In 2015," "That sa

> "It is difficult to think of another social policy that more successfully multiplies America’s inequality in such a sweeping fashion." > "In 2015," "That same year, the federal government dedicated nearly $134 billion to homeowner subsidies." The article author isn't thinking of the Fed's various QE programs, which have subsidized lenders through the purchase of ~1.8 Trillion in mortgage-backed securities over a five year period after the financial crisis. MID is a drop in the bucket next to that. If you treated the 1.8T as a single 30 year mortgage at, say, %3.5 interest, that's about a 10 Billion/month mortgage payment we're collectively carrying to bail out whoever sold those MBS to the Fed. That's about the same as the aggregate homeowner subsidies mentioned in the article.