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Banks don't buy eggs, but they do buy mortgage-backed securities. The focus on eggs is a red herring. Eggs are what, 0.15% of a middle class household's monthly
by 88913527 4y ago
Banks don't buy eggs, but they do buy mortgage-backed securities. The focus on eggs is a red herring. Eggs are what, 0.15% of a middle class household's monthly budget, and housing is at least >30%? I would have much less objection to this policy if it didn't have real negative impacts on median working Americans. Having a long term residence is a bedrock to stability.