Me waiting years for one, just one, other Bitcoiner to start talking about how the US government owns or backstops ~95% of mortgages.
GM
What
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nostr:note1qza6cfyxlca2ltvwyet23ccczgz3r6gg6cdj7cputh8qsspjnucqhpargz Plus the $2T that the Fed owns
This would incentivize irresponsible lending right?
Meaning it would make lenders be less stringent while assessing risk. Borrowers would take on more debt. Lenders end up with like a lot of land.
Yes
