05-28-2020, 08:35 AM
Oh, look: https://www.propublica.org/article/whist...gage-funds
At least the Fed is standing by ready to buy up all these garbage bonds backed by fraudulent mortgages, so the suckers that bought these fraudulent bonds comprised of fraudulent mortgages, don't have to lose their money. Of course, this news will put a big damper on market enthusiasm as more people realize just how fraudulent the entire market is, or maybe isn't? Who knows, all it takes is a loss of confidence to send markets tumbling, and nothing kills confidence more than investors not being able to trust the numbers.
At least the Fed is standing by ready to buy up all these garbage bonds backed by fraudulent mortgages, so the suckers that bought these fraudulent bonds comprised of fraudulent mortgages, don't have to lose their money. Of course, this news will put a big damper on market enthusiasm as more people realize just how fraudulent the entire market is, or maybe isn't? Who knows, all it takes is a loss of confidence to send markets tumbling, and nothing kills confidence more than investors not being able to trust the numbers.