It helps that there's no margin calls. If anything, in many states you can just send jinglemail and only be out the cash you've put down while the RMBS holders scramble to recoup whatever they can with a house they never wanted to have to sell -- usually amid a falling market.
The way risks are distorted by the political machinations of the mortgage industry makes it pretty painfully obvious why the housing market is such a mess. And then they have the audacity to blame expensive housing on "capitalism."
Cykros
npub1lc…63apw
2024-09-07 05:32:34
in reply to nevent1q…y6hl
Author Public Key
npub1lcetwt8hcd9gagdytu4e35ufykxek0elfvx8q3spugmgj9x0ev0q363apwPublished at
2024-09-07 05:32:34Event JSON
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"content": "It helps that there's no margin calls. If anything, in many states you can just send jinglemail and only be out the cash you've put down while the RMBS holders scramble to recoup whatever they can with a house they never wanted to have to sell -- usually amid a falling market.\n\nThe way risks are distorted by the political machinations of the mortgage industry makes it pretty painfully obvious why the housing market is such a mess. And then they have the audacity to blame expensive housing on \"capitalism.\"",
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