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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. MOAR free money?

MOAR free money?

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #1

    https://finance.yahoo.com/news/us-could-homeowners-980-billion-000405657.html

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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    • taiwan_girlT Offline
      taiwan_girlT Offline
      taiwan_girl
      wrote on last edited by
      #2

      I am not sure why, but my feel is that this would not be a good idea. If people are not able to get a second mortgage, there is probably a good reason for it. Why would it/should it be easier to get from teh government and what protection is there for repaying?

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      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #3

        Again, the reason homeowners aren’t refinancing on the private markets is the interest rate. The interest rates are high for an effin reason, to reduce the M1 and control/curtail inflation. Having Fannie Mae buy secondary mortgages at reduced rates dumps another trillion into the M1 when we need to get money out. This is an insanely stupid idea.

        The Brad

        George KG 1 Reply Last reply
        • LuFins DadL LuFins Dad

          Again, the reason homeowners aren’t refinancing on the private markets is the interest rate. The interest rates are high for an effin reason, to reduce the M1 and control/curtail inflation. Having Fannie Mae buy secondary mortgages at reduced rates dumps another trillion into the M1 when we need to get money out. This is an insanely stupid idea.

          George KG Offline
          George KG Offline
          George K
          wrote on last edited by George K
          #4

          @LuFins-Dad said in MOAR free money?:

          This is an insanely stupid idea.

          Is the economic advisor with the degrees in music an social work suggesting this?

          "We can't go bankrupt - just print more money."

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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