That stupid policy (not a law fer fuck’s sake) that stands common sense, and literally thousands of years of financial policy on its head re: punishing people who do the right thing with their finances, pay their debts, and save up for a down payment went into effect today.
And then to add insult to injury, Uncle Sugar takes that money and gives it to people with bad credit, so they can borrow even more money…because that’s worked out so well in the past.
Looks like some states are finally pushing back: https://www.foxbusiness.com/politic...od-credit-borrowers-subsidize-risky-mortgages
But how is this even remotely legal/constitutional? And why aren’t State governments coming right out and telling them to fuck off?
I honestly feel like I’m living in Bizzaro world sometimes…
And then to add insult to injury, Uncle Sugar takes that money and gives it to people with bad credit, so they can borrow even more money…because that’s worked out so well in the past.
Looks like some states are finally pushing back: https://www.foxbusiness.com/politic...od-credit-borrowers-subsidize-risky-mortgages
But how is this even remotely legal/constitutional? And why aren’t State governments coming right out and telling them to fuck off?
I honestly feel like I’m living in Bizzaro world sometimes…