Economy

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President Trump said yesterday that he is directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds to help reduce mortgage rates (apnews.com)

submitted 4 days ago by noumenon@lemmy.world to c/economy@lemmy.world

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[–] rottenmummy@lemmy.world 5 points 4 days ago (2 children)

It is hard to believe that he is doing something good. what is the twist?

[–] RizzRustbolt@lemmy.world 5 points 4 days ago

The twist is that this is how the housing market crashed the first time.

[–] hitmyspot@aussie.zone 2 points 4 days ago

The article mentions increased risk in case of a downturn. Like the AI collapse that is expected at some point. Oops.