@CompoundRich My intention was to present juxtaposition to concerns expressed by Scott Bessent re the impact of release from c-ship on mortgage spreads. I'm not suggesting the pre 2008 levels were appropriate rather I'm addressing the sentiment I believe is driving unwarranted skepticism.
$FNMA & $FMCC currently charge 65 to 67 basis points as a guarantee fee (G-fee) for single-family loans, That’s three to four times HIGHER than the average of 15 to 25 basis points charged before they entered conservatorship when they competed for market share. Release is coming.
Pete Hegseth has grossly abused his position as Secretary of Defense.
He is waging an illegal war in Iran, conducting extrajudicial killings in the Caribbean, and continues to put innocent civilians in harm's way.
Accountability is due. It's time to impeach Hegseth.
@DMSabatini I feel that if you conspire to engage in institutional level sabotage of another individuals livelihood for no other reason than you were dumped, you deserve societal level hate directed at you. She is not the victim here.
Mortgage spreads were noticeably tighter and more stable before $FNMA and $FMCC entered conservatorship. Pre- 2008 spreads hovered around 140 to 170 basis points vs roughly 170 to 200+ basis points post c-ship, punctuated by extreme spikes during market stress. Release is coming.
@robbystarbuck The Dems figured out a long time ago that mass migration, legal or not, galvanizes their power by flooding the electorate with voter support. There could be no greater threat to capitalism and democracy that this.
The Conservative Government in BC needs to shut down the Human Rights Tribunal nonsense, or reform it so this garbage ends.
Misgrndering a trans person is not a $32k offense, in a sane society.
https://t.co/pCaEZwCHPd
@KnightLegg Rationale is simple. Import housing demand to drive housing costs higher, impoverish and enslave the population so no-one can afford not to work and collect the taxes. Canada is just a huge pyramid scheme.
@christopherrufo Which is why there ought to be a licence required to vote. When the ability to execute a plan is constrained by voting intervals and a short term thinking electorate, the nation suffers.