On: U.S. government to backstop mortgages above $1M

[nostromo]

Absurd. They need to freeze their max mortgage and keep it there for the foreseeable future to stop endless price inflation.

And maybe the Fed could start selling some of their almost 3T in mortgages while they’re at it.

https://fred.stlouisfed.org/series/WSHOMCB

[hackernewds → nostromo]

It's a travesty that the federal reserve and the government choose to make winners and losers with fickle unpredictability as they see fit, often for political gain.