@CSchlauf Curtis - I thought the report was solid, but Bloomberg isn’t doing us any favors. They are reporting a 13.42m sales miss vs 61.21m estimate headline. That seems misleading to me, no?
@dampedspring Gm and agreed, but I think this stable coin thing is more about small business than the consumer. Small business has been killed by CC companies forever on fees, stable coins help them huge. Then if it goes mainstream, watch out Visa.
@RyanMorse33 Yes, they are the more qualified buyers, but their loans go into securitizations not gtd by US Govt. the securitization market is dead.
The lower confirming loans go into Fannie and Freddie guaranteed bonds that has more liquidity/bid at the moment