- Banned
- #21
It is not according to me. Something like 90% of all the mortgages over the past year have been underwritten by the GSEs. Full-stop. Much of the private market simply stopped lending in the mortgage market. Banks were happier borrowing at 0% from the Fed and lending it back to the Treasury at 3% than lending mortgages.
I don't know where it ends, but I do know that the government is trashing the value of the dollar.
Though considering that will help our trade imbalance internationally, is that necessarily a bad thing?