Did the GOP just get sandbagged by the Dems on the shutdown

The first thing my dad taught me about loans is that credit cards will destroy you. If you must use them, pay them entirely every month,
An excellent lesson! I thank your dad for raising a son so aware! You took it to heart! Great job!
The second thing he taught me is that Adjustable Rate Mortgages are fraud perpetrated by Banksters to fleece the stupid. ARM's are the foundation of the MBS which inevitably leads to 2007 type crashes.
Another great piece of advice! Kudos to your dad, and kudos to you for taking these lessons to heart! :thumbsup:
 
ARM's are simply a market invention in the age of fiat currency

ARM is the correct term for the "balloon loans" you spoke of. It has nothing to do with fiat currency.

that is a separate issue to government backed mortgages subsidizing low rates

Government doesn't back most mortgages.

FHA loans are only about 19% of all loans. 4 out of 5 home loans have no government guarantee of repayment.
 

Trump's pressure campaign to prevent Epstein files vote fails​

www.msn.com/en-us/news/politics/trump-s-pressure-campaign-to-prevent-epstein-files-vote-fails/vi-AA1QlbWH?ocid=msedgntp&pc=HCTS&cvid=6915a1afbf974b60abf82a34317e962a&ei=13#details

Newly-released emails that show Jeffrey Epstein talking about Trump have put the Epstein files back into the spotlight, as Speaker Johnson says the House will take a vote on releasing the full files next week. Vaughn Hillyard, Philip Bump, Max Rose, and Mark McKinnon join Stephanie Ruhle for The 11th Hour Nightcap.


Co-author Amy Wallace said Virginia Giuffre carefully considered who she did and didn’t name in her posthumously released memoir detailing Jeffrey Epstein’s abuse and trafficking. By: MEGA; @NewsNation/YouTube; MEGA

Co-author Amy Wallace said Virginia Giuffre carefully considered who she did and didn’t name in her posthumously released memoir detailing Jeffrey Epstein’s abuse and trafficking. By: MEGA; @NewsNation/YouTube; MEGA
Virginia Giuffre’s memoir ghostwriter claims she knows the names on predator Jeffrey Epstein’s client list — and says top Washington officials do, too, Knewz.com can report.

Amy Wallace made an appearance on NewsNation to promote the book, Nobody’s Girl: A Memoir of Surviving Abuse and Fighting for Justice, and revealed she has hours of interviews with the late Giuffre, who detailed the years of abuse she suffered as the financier trafficked her to his rich and powerful friends.

Trump's FBI, DOJ 'know all the names', Epstein victim's ghostwriter says​

www.msn.com/en-us/news/crime/trump-s-fbi-doj-know-all-the-names-epstein-victim-s-ghostwriter-says/ar-AA1Ql7Y8?ocid=msedgntp&cvid=6915a29314df4e8b89c4433bda41ee1a&ei=58

Giuffre died in April, leaving Wallace to complete Giuffre’s memoir.

Ghostwriter knows ‘all the names’​


Ghostwriter Amy Wallace confirmed her knowledge of the Epstein list — and who else is aware of the names on it — during an appearance on Ashley Banfield’s NewsNation show. By: @ NewsNation/YouTube

Ghostwriter Amy Wallace confirmed her knowledge of the Epstein list — and who else is aware of the names on it — during an appearance on Ashley Banfield’s NewsNation show. By: @ NewsNation/YouTube© NewsNation/YouTube
“I know all the names … that are there, but every different scene, [Giuffre] had to make a decision about whether or not she was going to rename or name these people,” Wallace explained to Ashley Banfield.






 
There is a lot of gnashing of teeth and moaning by the left about how the Dems caved to allow the shutdown to end. But is that really the case?
Yes, there absolutely is a lot of gnashing of teeth and moaning by the left

At the moment, the details of the continuing resolution (CR) the Senate will pass to end the shut down aren't completely known
They are completely known.
 
ARM is the correct term for the "balloon loans" you spoke of. It has nothing to do with fiat currency.

nonsense. without inflation from fiat currency - and a central agreed on "rate" to adjust on, the entire purpose of an ARM loan didn't exist. but thanks for "trying". You can have an adjustable rate balloon loan or a fixed rate balloon loan - proving you are a dope

A balloon loan is a loan where:

  • You make small payments (often interest-only or amortized on a long schedule),
  • But the entire remaining balance comes due at once at the end (the “balloon payment”).

    An ARM is:
    • A mortgage with an interest rate that can change over time.
    • Starts with a fixed period (e.g., 5/1 ARM = fixed for 5 years),
    • Then adjusts annually based on market indexes.
    • No balloon payment at maturity
Government doesn't back most mortgages.

bwahahaha. just stop poser. if an individual defaults, the bank does not take possession - it is auctioned off - the bank gets full payment from the government, and the government - gets what it can from the open auction. Fannie and Freddie ARE government. this debate is about the 10, 15, 30, and now 50 year type of loans - BACKED BY GOVERNMENT


 
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