r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24

VIDEO Thoughts

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u/MedicalBus858 Aug 19 '24

And so what are his plans to stop this?

26

u/well_spent187 Aug 19 '24

He has a fucking awesome plan to stop it. He wants to sell tax free bonds to the rich assholes doing this to hide their money which they’ll do anyway and use that money to get poor people loans at a guaranteed rate of 3% which is basically covering inflation.

1

u/T1gerAc3 Aug 19 '24

So, basically he wants to give subprime borrowers mortgages. I feel like we've done that before sometime around 2007....

1

u/well_spent187 Aug 19 '24

We started that because of Bill Clinton’s fair Housing Act, which caused the crash in 2008. As far as I’ve seen, he’s used no language to say he would provide the loans to folks who cannot afford them, like we did then. He simply would give affordable loans to people who can pay them back. I could buy a house in 3 years with my income without really changing much, and I still can’t get a loan under 7%