Show threadRaymondPierreL3Apr 20

@InsurgoFormica
It’s worth noting that a call to cut ‘red tape’ is a euphemism for #NeoLiberal #Deregulation in order to further #Grifting through #Globalisation and #FreeMarketEconomics all of which were debunked in the #2008FinancialCrisis and its aftermath.

Typical political trash talking, masking flawed economic theory with misdirection, who doesn’t like less red tape?

Pseudonymous Mar 26

One of the two largest #Mortgage providers in the #US just decided you can use #BitCoin when you offer collateral, effectively allowing every #TechBro in the country to cash out at the same time. The #Mortgages will be left unbacked if defaulted on, since there is no way for the bank to cash out after seizing them. 

#FinancialNews #RealEstate #Finance #2008financialcrisis

https://finance.yahoo.com/markets/crypto/articles/coinbase-fannie-mae-enable-crypto-120846995.html

Coinbase, Fannie Mae to Enable Crypto-Backed Mortgages

The government-sponsored mortgage giant will accept Bitcoin and USDC as collateral through a new program with Better Home and Coinbase.

Yahoo Finance
goodcheersJan 22

Hubba hubba...
The age-old riddle, a stubborn stain. Do yew eat it or fuck it, or just enjoy the pain? I tend to tend towards the legal tender bits, where fair is fouled by foul as fair, which fart like silence through the air. The oldest professors, ship to shore. They come, they whore, they flash their triple A'ss, and then is heard no more.

https://open.substack.com/pub/taibbi/p/the-feds-independence-is-at-stake?r=255nre

#mometary #poetry #2008FinancialCrisis #whyme #wtf?

The Fed's Independence is at Stake and it May Be Its Own Fault!

Is the Fed the beneficiary of its own “success”?

Racket News
@[email protected] has movedJan 13

Currently the continued rise in the price of gold (and to some extent silver) seems to be driven by both continued assessment of global political risk *and* what might be called the 'debasement trade' as those who hold dollars look to use them to buy a more secure asset (to their mind) in gold.

If gold prices are a lead indicator of coming global political economic turmoil, then the warning is getting louder & louder.

#Gold #2008FinancialCrisis #politics

h/t FT

Adam Jacobs 🇺🇦Jan 17, 2025

"Strict rules on mortgage lending could be loosened"

Yes, I can't think of anything that could possibly go wrong with that.

#2008FinancialCrisis

And even if it doesn't lead to financial meltdown, it will surely have the effect of inflating house prices.

How does that help first-time buyers?

https://www.bbc.co.uk/news/articles/cdryy33v13ko

#Housing #Mortgages

Mortgage rules could be eased to boost lending

The £100 limit on contactless cards could also be scrapped, as regulators respond to the prime minister's plea.

BBC News
Jim Ludwick, CFP®Dec 23, 2022
Number one cause of #financialprocrastination right now is fear of making a mistake, in my limited recent experience. Social and MSM drama headlines feature #stockmarketcrash #recession and #2008FinancialCrisis all over again.
GarkDec 20, 2022
Banks continue to treat customers with disdain. Then, they hold their hands up, pay a fine and get back to bad practices. U.S. CFPB orders Wells Fargo to pay $3.7 bln for mismanagement https://www.reuters.com/business/finance/us-cfpb-orders-wells-fargo-pay-37-bln-penalties-mismanagement-2022-12-20/ #badbanks #wellsfargo #wallstreet #2008FinancialCrisis
Wells Fargo to pay $3.7 billion for illegal conduct that harmed customers

The U.S. Consumer Financial Protection Bureau hit Wells Fargo & Co <a href="https://www.reuters.com/companies/WFC.N" target="_blank">(WFC.N)</a> with the watchdog's largest ever civil penalty on Tuesday as part of a $3.7 billion agreement to settle charges over widespread mismanagement of car loans, mortgages and bank accounts.

Reuters