3 ms·
all other details aside - if you purchase $80bn of “mortage-backed” anything you deserve everything that will eventually come your way
by bdangubic 4y ago
all other details aside - if you purchase $80bn of “mortage-backed” anything you deserve everything that will eventually come your way
- zenlikethat 4y agoIn general people pay their mortgages. Just because a financial crisis has happened around it once doesn’t mean the asset class is inherently bad. It’s more regulated than ever, the problem was rising interest rates and not being able to keep their head above water with the position.
- bdangubic 4y ago“in general” is not good enough when you are pouring in $80bn mate. would you mortgage (no pun intended) your family’s entire financial health on something that works “in general”?