Forwarded from Red (McAfee didn't kill himself) Pillster
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Italian politician Fabio Rampelli removes the EU flag from his chambers and replaces it with the national one. If the Coronavirus did one good thing, that was expose the European union for the inept bureaucrats they are. https://t.co/uatMvpUzRS
Forwarded from Red (McAfee didn't kill himself) Pillster
Seems as though leaving the EU is getting trendy
Sen. Rob Portman (R-OH) donating two months of salary to non-profits amid coronavirus pandemic
As part of the coronavirus stimulus action, the Fed bought $250 billion worth of mortgage-backed securities in a space of two weeks. For perspective, that dwarfs the amount they bought during the housing crisis by $80 billion.
Now mortgage bankers face bankruptcy
By flooding the market with money, the Fed forced down rates. Problem is, that just blew up the hedge.
Mortgage bankers are now getting margin calls and need to pay tens of millions of dollars to meet them. Even well capitalised lenders are on the brink of going under because of it.
Now mortgage bankers face bankruptcy
By flooding the market with money, the Fed forced down rates. Problem is, that just blew up the hedge.
Mortgage bankers are now getting margin calls and need to pay tens of millions of dollars to meet them. Even well capitalised lenders are on the brink of going under because of it.