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Originally Posted by Botten
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the bank p. much collapsed because they went all in on mortgage backed securities like its 2007 all over again when interest was near 0% under trump... what's it now under brandon, 4.57%? i'm not speculating, they were trying to sell off these securities a week ago.
if u don't get that the federal interest rate rapidly increasing so much under biden is what led to this you might be economically illiterate lolz.
Quote:
Originally Posted by Patrece
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No wonder they couldn't get anyone to buy this bank. People saw all the LGBT crap loans on their books and purple hair secretaries in the foyer and did a 180
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but that's not quite right either, the lgbt crap startups the bank invested in were actually doing really well under trump and i also think right up until the collapse, that's why they had such an excess of money to dump into mortgage backed securities in the first place. think about it, these are the businesses set to replace your local family run stuff when the great reset accelerates. netflix and grubhub ghost kitchen type stuff.