How is there not a thread about the insolvent banks?
- Thread starter Whiskeydeltadeltatango
- Start date
There is no dupe here, you can leave while you are behind, I'll catch you in the next one.
Right? I'm watching Fox News and NewsMax right now. If I hear something definitive I update everyone right away.
You’ll have to go inside the bank. There’s a limit on ATM card withdrawals. Just a heads up.
OP loves having a scintilla of knowledge on a subject and then throwing shit against the wall regarding said subject by "just asking questions." Known as FUD in some circles. Sad.
Because it’s their job? Not everything is a conspiracy. Now they might be wrong but that’s not some nefarious plot.
The only question I asked was why are we not talking about it.
But that's a fun narrative you just made.
Cut interest rates and unrealized losses become gains.
Talking about what, exactly? The totally normal amount of banks on the brink of insolvency?
First and foremost, bravo sir, good comedy has a thread of truth to it and your statement does have thread...
Now is that part that made me LOL.
Do you know how mu h they would have to cut rates to do what your talking about?
Inflation would make a tweaker riding a rocket look slow.
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After further review, I remain unimpressed and unconcerned about the revelation.
Quite simply, because there are no sources that I automatically trust anymore...
So my dad passed end of February and I've got his house. After 2 months of elbow grease and $$ we had our realtor list it and received 3 full price offers over the first weekend. 2 were to be financed through the USDA with 0 ( that's zero down and 100% borrowed ) and they wanted us to pony up 3K for closing costs which they would add to the list price ( so didn't really cost me anything ). I accepted the other full price offer who were financing through GreenState Credit Union with 20% down and 2,500 earnest money.
So we're back to loaning 100% of the value backed by the government. Haven't we been here, done that?
So we're back to loaning 100% of the value backed by the government. Haven't we been here, done that?
This one is even better, when you sell your house you pay the "3"% in full. So if you don't have any equity, after buying your hom at historucally high prices, you have to come up with a giant chunk of cash, while likely purchasing your next home!!!
100% a stupid, kick the can down the road, plan.
WTF is the USDA doing guaranteeing home loans is the question you should be asking.
USDA Home Loan Information And Apply For A USDA Loan - USDA Loans
USDA Loans, All the information you need to know. Apply for a USDA Home Loan, learn more about USDA Loans in your state, and contact a USDA loan specialist.
usdaloans.net
Pre approved. My relator would only show to pre approved buyers as stipulated...
crazy (the loans not your stipulation) but then so are so many other schemes. maybe conventional thinkers are the idiots
Oh what a bunch of horseshit. You cannot possibly claim that every single branch of government is part of the Democratic Deep State. It's just so laughable that you think a bunch of bankers and bank examiners, of all f***ing people, are going to "carry water" for Biden. That's one of the most laughable and easily debunked conspiracy theory I've heard in a long time.
61 million people died in 2023. Why aren't people talking about this?
Ballpark 4% rate cuts for net gains to portfolio. Many variables for each bank.
The question is what alternative system do you propose for banks. Do we limit fed rate increases to 1% per year? Do we set a floor of 6% interest rates on 30 year mortgages? If banks are not allowed to own mortgage back securities with terms over 5 years how will that impact the economy?
4%
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The rates are the only lever the fed has. What we did, was print too much money.
USDA Rural Housing loans have always been this way, never changed, and were not the problem in the 2008 housing meltdown. VA loans are also 100% financed and were not the problem as well. FHA loans are 3.5% down.
I'm not going to suggest that everything is fine or that $517 billion isn't a big deal.
But, there is $23.67 trillion in assets in the US banking system. So, $517 billion is about 2% of assets. So, it kinda depends on how concentrated the losses are.
Just sayin" .....
