0 Members and 1 Guest are viewing this topic.
I’m going to have Uncle Sam cosign those mortgages.
Maybe one of the most puzzling devleopments of the past year or 2, is why in God's Green Earth Conservatives are giving this guy a voice.Truth is, he outside the vax issue, he is pretty much Bernie Sanders.
Too many conservatives also do the same thing with Tulsi Gabbard
Democratic presidential contender Robert F. Kennedy Jr. said this weekend that the government should assist first-time home buyers by offering them discounted 3% mortgages, financed by selling tax-free U.S. Treasury bonds.
So let's think about how this will work. First of all, you have a Fed that has intentionally driven up interest rates in order to drive up unemployment and counter the inflationary pressure they themselves have created with the 'printing of the money'. Now the Treasury will offer bonds to investors at the higher rates created by the Fed while they continue to print new money to finance their own expenses. The money generated from the sale of these bonds will then be used to pay down points up front to large banks and mortgage companies so that lower rates can be offered. Big Finance has gotta love that.Meanwhile, the Federal Government continues to punish people with good credit by making them pay a penalty when they purchase a mortgage so that people with bad credit can also get lower rates.