Seems like a bad idea.
But on the other hand the government is de risking stupidity, so that banks can make fake money out of property futures, which reduces the wealth of people who have to use a second mortgage as a cash flow tool
US government now planning to guarantee second mortgages.
https://open.spotify.com/episode/0qZEuUXtUmDI5OoZFobcRG?si=JFKSRiQ7SgyJGDyckjt-bg
Seems like a bad idea.
But on the other hand the government is de risking stupidity, so that banks can make fake money out of property futures, which reduces the wealth of people who have to use a second mortgage as a cash flow tool
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