(Thread IKs:
skooma512)
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Father Wendigo posted:https://twitter.com/unusual_whales/status/1645746262963294208?t=0Vq_5AB3xw0LAXpnJgVpDA&s=19 what. that seems wrong
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Apr 11, 2023 21:11
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mastershakeman posted:how does this make sense whatsoever. defaults aren't anywhere near what they were like a decade ago They just write it off
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Apr 11, 2023 21:11
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Mr Hootington posted:https://markets.businessinsider.com/news/commodities/us-housing-market-unaffordable-mortgage-rates-home-prices-inventory-demand-2023-4 cant read this poo poo and archive.is isnt working
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Apr 11, 2023 21:14
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anime was right posted:cant read this poo poo and archive.is isnt working 
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Apr 11, 2023 21:15
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Hmm.... maybe making a basic human need (and right) a commodity was a bad idea....
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Apr 11, 2023 21:18
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Father Wendigo posted:https://twitter.com/unusual_whales/status/1645746262963294208?t=0Vq_5AB3xw0LAXpnJgVpDA&s=19 Joe Biden'ishly: "I'm happy to announce a revenue backstop program for banks suffering from the impact that overpriced housing has had on mortgage demand..."
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Apr 11, 2023 21:18
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explain all this to me like I’m Joe Biden
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Apr 11, 2023 21:20
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that’s dumb it’s being presented as if they would lose money by issuing more mortgages. they aren’t issuing enough mortgages because the market is sale. so they aren’t covering their costs.
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Apr 11, 2023 21:21
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Nonsense posted:explain all this like I’m Joe Biden people need mortgages but the banks are losing money so we need to help the banks otherwise people won't be able to get those mortgages (homes)
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Apr 11, 2023 21:21
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Nonsense posted:explain all this to me like I’m Joe Biden "OK, grandpa. I'll tell you after Matlock is over and you've had a nap."
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Apr 11, 2023 21:22
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SKULL.GIF posted:Probably nothing. Time to sell
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Apr 11, 2023 21:22
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Father Wendigo posted:https://twitter.com/unusual_whales/status/1645746262963294208?t=0Vq_5AB3xw0LAXpnJgVpDA&s=19 Sounds like more bank bailouts to me. Gotta keep those prices up.
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Apr 11, 2023 21:22
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Father Wendigo posted:https://twitter.com/unusual_whales/status/1645746262963294208?t=0Vq_5AB3xw0LAXpnJgVpDA&s=19 I'm sure it'll be fine.
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Apr 11, 2023 21:22
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Cpt_Obvious posted:It's no secret that profits are sky high thanks to inflation. Have you considered that inflation is sky high because of profits?
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Apr 11, 2023 21:23
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excuse for banks to stop issuing mortgages so Blackrock can buy them all up without pesky serfs bidding as well
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Apr 11, 2023 21:23
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compulsory 40-year mortgages for all citizens once they turn 18.
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Apr 11, 2023 21:23
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please refinance to a higher rate to help the banks, patriots!
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Apr 11, 2023 21:24
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Consummate Professional posted:please refinance to a higher rate to help the banks, patriots! tip your landlord
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Apr 11, 2023 21:26
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Lol, lmao, they've tied their own rear end in a knot. Every time they try to wriggle out of poo poo it just breaks something else and leaves them in a slightly worse position.
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Apr 11, 2023 21:26
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That last paragraph is a lol from me
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Apr 11, 2023 21:28
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19 o'clock posted:compulsory 40-year mortgages for all citizens once they turn 18. What do you think college is?
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Apr 11, 2023 21:28
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trying to think about the us economy in 2008 and for some reason I’m getting nothing
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Apr 11, 2023 21:31
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skooma512 posted:What do you think college is? lol financed my education and graduated right before it was overhauled by obama. it cost a lot and i lament that paying those off cost me my chance at owning a home but hoooooly poo poo is it way worse for kids graduating today 
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Apr 11, 2023 21:31
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net work error posted:That last paragraph is a lol from me seriously. "things have bottomed out by costing around eight times the median household income."
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Apr 11, 2023 21:33
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the feds added sesame to the list of major allergens (you know, tree nuts peanuts, shellfish, wheat, etc.) and the entire food industry decided that rather than take steps to avoid cross-contamination, they were just going to add sesame flour to foods that didn't have sesame flour before so they could legally put it on the label https://www.washingtonpost.com/wellness/2023/04/11/sesame-allergy-law-consequences/ quote:Four-year-old Mia McDermott just kept getting sick. Throughout January, she had persistent headaches, vomited frequently and became dehydrated, and every time she got better, she’d get worse again. Even after eating one of her favorite foods, a Wendy’s cheeseburger, Mia became violently ill, said her mother, Jessica McDermott. capital always finds the shortest path
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Apr 11, 2023 21:41
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explain to my tiny slavic brain how a bank loses money on a $500,000 mortgage at like 8% APR
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Apr 11, 2023 21:44
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AI written, that's why it doesn't explain anything
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Apr 11, 2023 21:45
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BULBASAUR posted:explain to my tiny slavic brain how a bank loses money on a $500,000 mortgage at like 8% APR they have a lot of overhead that costs them money regardless of how many mortgages they sell. when they don't sell enough they end up losing money.
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Apr 11, 2023 21:46
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BRAKE FOR MOOSE posted:the feds added sesame to the list of major allergens (you know, tree nuts peanuts, shellfish, wheat, etc.) and the entire food industry decided that rather than take steps to avoid cross-contamination, they were just going to add sesame flour to foods that didn't have sesame flour before so they could legally put it on the label This must be the efficiency I've heard so much about. My plan is spray dioxin in the face of boards of directors but what the hell, let's add these guys too. It's probably all the same people anyway and there's ever so much dioxin.
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Apr 11, 2023 21:46
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what if they held and serviced the loans until maturity hahahah
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Apr 11, 2023 21:46
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BULBASAUR posted:explain to my tiny slavic brain how a bank loses money on a $500,000 mortgage at like 8% APR
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Apr 11, 2023 21:47
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Hmm, seems contrary to number go up. Fake news.
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Apr 11, 2023 21:47
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BULBASAUR posted:explain to my tiny slavic brain how a bank loses money on a $500,000 mortgage at like 8% APR presumably there's a dozen additional layers of finance bullshit between every mortgage payment and the bank that issued it where something gets skimmed off by some other rent seeking entity
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Apr 11, 2023 21:49
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BULBASAUR posted:explain to my tiny slavic brain how a bank loses money on a $500,000 mortgage at like 8% APR you need to make money off the loan, but there are secondary costs associated with issuing the loan such as paying salaries, taxes, other forms of administrative overhead, and maybe creating financial instruments from them. at least thats my best guess.
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Apr 11, 2023 21:51
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the bitcoin of weed posted:presumably there's a dozen additional layers of finance bullshit between every mortgage payment and the bank that issued it where something gets skimmed off by some other rent seeking entity it's also because interest rates have increased so quickly the "valuation" of mortgages as an asset has soared more quickly than they can offload old ones. the banks aren't interested in simply accepting their vig for 30 years, they're bundling/reverse-collateralizing/trading these mortgages as soon as they hit their desks. If they can't sign people up to new ones quickly enough that htey can reap Maximum Interest, they're in quite the pickle lmao similar situation with some additional bells and whistles to SVB treasuries lmao Gunshow Poophole has issued a correction as of 21:54 on Apr 11, 2023 |
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Apr 11, 2023 21:51
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BRAKE FOR MOOSE posted:the feds added sesame to the list of major allergens (you know, tree nuts peanuts, shellfish, wheat, etc.) and the entire food industry decided that rather than take steps to avoid cross-contamination, they were just going to add sesame flour to foods that didn't have sesame flour before so they could legally put it on the label
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Apr 11, 2023 21:54
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BRAKE FOR MOOSE posted:the feds added sesame to the list of major allergens (you know, tree nuts peanuts, shellfish, wheat, etc.) and the entire food industry decided that rather than take steps to avoid cross-contamination, they were just going to add sesame flour to foods that didn't have sesame flour before so they could legally put it on the label Our younger kid has multiple food allergies and it is loving hell. I wish we know what the gently caress was causing them, because our older isn't allergic to anything and they were treated basically the same. This loving sucks. Our kid is allergic to oat, which is not on the major allergen list but also not in that many processed foods yet, and if they added oat and then suddenly everything had oat I would pull my hair out.
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Apr 11, 2023 21:54
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euphronius posted:what if they held and serviced the loans until wow why don't you go take your BUGGY down to the SODA STAND and get a MALT gramps
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Apr 11, 2023 21:58
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Twerk from Home posted:Our younger kid has multiple food allergies and it is loving hell. I wish we know what the gently caress was causing them, because our older isn't allergic to anything and they were treated basically the same. You have at least a year or two before they do that. The oat crop was really bad in Canada last season due to a drought and that poo poo ain't cheap anymore.
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Apr 11, 2023 21:59
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BRAKE FOR MOOSE posted:the feds added sesame to the list of major allergens (you know, tree nuts peanuts, shellfish, wheat, etc.) and the entire food industry decided that rather than take steps to avoid cross-contamination, they were just going to add sesame flour to foods that didn't have sesame flour before so they could legally put it on the label this is extremely funny to all us non allergy havers BULBASAUR posted:explain to my tiny slavic brain how a bank loses money on a $500,000 mortgage at like 8% APR the article casually mentions at some point that because there's fewer sales, the companies are saying they're overstaffed and thus losing money because theyre cooking the books on this as hard as possible
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Apr 11, 2023 22:00
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