Of course it won't happen the same way. They never do. Bailouts are actually not that common.
The moratorium expiration will cause a tsunami of foreclosures, because millions of unpaid mortgages are now legally in default. A moratorium does not nullify that fact.
The banks know this as does the government.
BoA is set to sell 15B in bonds.
Chase is set to sell 13B of a 31 year bond. The age of that bond is the same age of the MBS bond market. Created 31 years ago.
Obviously hedging for protection.
CEO's from the five big banks are going to meet the House and Senate bank committees on May 26th and May 27th, just a few days before the moratorium expires.
The banks are going to save themselves, again, and millions of Americans will lose their homes, again. This time over something the government had no legal standing to do. Moratorium.
"A CDO is dog shit wrapped in cat shit."- Jared Vannett.
True story backed by FOIA documents-
Proven as factual that the CIA is the guiding hand behind the Marvel franchise script development.
Your friend didn't even know it. Re-writes per CIA recommendations.
Been involved for decades.
Argo fuck yourself! Disclaimer: that was not meant with malice.
She will not be arrested...at....all. Or impeached...at....all.
Ah...they'll test negative.
What will you do if it tests positive?
You sneaked a funny on me!
The CEO'S of the big five banks will appear at a House committee hearing and a Senate committee hearing on May 26th and May 27th. Just before the mortgage and rent moratorium expires on May 31st.
I have a suspicion that the bond deal they are referring to is the MBS bond market.
J. P. Morgan Chase is set to see 13B of a 31 year security.
Ironically the Mortgage Backed Security bond market was created...31 years ago.
ALL major banks are over leveraged with those derivatives.
Not that kinda guy.
Get my return message?
I introduce you to the Kigali Principles from the U.N. https://www.globalr2p.org/wp-content/uploads/2015/05/KP-Principles-13-April-2020.pdf
I know it to be true. Living it in real time. On my front porch, relaxed, as I type this.
Life is absolutely beautiful! Burning a dube with nature!
LEO's and National guards across the country are working together, preparing for mass civil unrest following the Floyd trial.
Right on, dude!
Because people can't handle it. That's okay. I can.
The past is history, the future a mystery, but the present is a gift to be enjoyed in the now.
Precisely. We are pure energy that cannot be destroyed. That is the essence of our "isness" "Death" is only a transition point.
I feel for you friend. May I lend some advice?
Right now you are inundated with information overload.
Need to take some time off. Turn off all devices.
Get outside for some fresh air and sunlight. Leave the media reality alone for a bit.
Outside, nature is the real reality.
He is right about the squirrels.
We are immersed in nature where we live.
The animal life is not acting as humans are, nor negatively impacted by this charade.
Observing animals and they are carrying on the same as they always have.
As should we.
Seriously, get outside for the day.
https://www.fda.gov/media/134922/download
In this document produced by the CDC, they admit to not having any virus samples.
Straight from the horses mouth!
Ain't skeered of either.
People who believe are either afraid of going to hell, or afraid of not going to heaven. Neither exist except in people's heads.
Could be b/c big banks are announcing massive bond sales.