SKULL.GIF posted:

https://asiatimes.com/2023/04/rmb-based-trade-hasnt-worked-out-for-moscow/

Delta-Wye posted:

the best part of a consistent downward trajectory in society is everyone, of any age and any generation, will be able to look back at their childhoods wistfully

skooma512 posted:

Why doesn't China want RMB to circulate?

Beached Whale posted:

Xaris posted:

Thread title. imo. and also this

and yes i'd agree that capitalisms propensity to self-organize is Marx's biggest void in his works. this has led to massive capital entrenchment and supressed revolutionary potential. the calculus of the dialectical change is a different equation when when ideology/perception is significantly tightly confined by capitalism

SKULL.GIF posted:

https://asiatimes.com/2023/04/rmb-based-trade-hasnt-worked-out-for-moscow/

spacemang_spliff posted:

lol this saga is awesome thank you for giving us the rundown

they're so close yet so far

quote:

CEO Celebrates Worker Who Sold Family Dog After He Demanded They Return to Office

quote:

“You have misinterpreted my kindness for weakness," said Clearlink CEO James Clarke in a bizarre video call in which he expressed skepticism of his own employees' motives and capacity to juggle work and parenthood.

silicone thrills posted:

lol what the gently caress

https://www.vice.com/en/article/wxj574/ceo-celebrates-worker-who-sold-family-dog-after-he-demanded-they-return-to-office



eat the rich

silicone thrills posted:

lol what the gently caress

Mr Hootington posted:

I think I posted this last week.

Crazypoops posted:

Janet Yellen's discography is pretty tight though

Marenghi posted:

It's the point. Wrong-think can be downvoted into obscurity while right-think gets upvoted to be most prominent. It's why r/worldnews is always lock step in agreement with US interests. Worldnews being in the top 10 subs and where a lot of young people go for their only source of news. And you don't need so many agents astroturfing because users will happily do that for you once they realise they get upvoted for repeating the correct viewpoints. It becomes a self-regulating system.

Frosted Flake posted:

Thanks to the USAF, again, worth repeating

Frosted Flake posted:

e: but seriously it's because I didn't realize bonds are taxed as income.

Pittsburgh Fentanyl Cloud posted:

The End of History was hegemonic neoliberal capitalism winning forever and promising to end the human race before releasing their grasp on the End of History

quote:

Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

The fee changes will go into effect May 1 as part of the Federal Housing Finance Agency’s push for affordable housing, and they will affect mortgages originating at private banks across the country. The federally backed home mortgage companies Fannie Mae and Freddie Mac will enact the loan-level price adjustments, or LLPAs.

Mortgage industry specialists say homebuyers with credit scores of 680 or higher will pay, for example, about $40 per month more on a home loan of $400,000. Homebuyers who make down payments of 15% to 20% will get socked with the largest fees.

The new fees will apply only to Americans buying houses or refinancing after May 1.

Lenders and real estate agents say the changes will frustrate homebuyers with high credit scores and homeowners seeking to refinance because the rule punishes them for their relatively strong financial positions.

“The changes do not make sense. Penalizing borrowers with larger down payments and credit scores will not go over well,” Ian Wright, a senior loan officer at Bay Equity Home Loans in the San Francisco Bay Area, told The Washington Times in an email message. “It overcomplicates things for consumers during a process that can already feel overwhelming with the amount of paperwork, jargon, etc. Confusing the borrower is never a good thing.”

He said the rule will “cause customer-service issues for lenders and individual loan officers when a consumer won’t understand why their interest rate and fees suddenly changed.”

“I am all for the first-time buyer having a chance to get into the market, but it’s clear these decisions aren’t being made by folks that understand the entire mortgage process,” Mr. Wright said.

The new fees “will create extreme confusion as we enter the traditional spring home purchase season,” said David Stevens, a former head of the Mortgage Bankers Association who served as commissioner of the Federal Housing Administration during the Obama administration.

“This confusing approach won’t work and more importantly couldn’t come at a worse time for an industry struggling to get back on its feet after these past 12 months,” Mr. Stevens wrote in a recent social media post. “To do this at the onset of the spring market is almost offensive to the market, consumers, and lenders.”

***

Under the new mortgage financing rules, homebuyers with riskier credit ratings and lower down payments will qualify for better mortgage rates and discounted fees.

Federal Housing Finance Agency Director Sandra Thompson, a Biden appointee, said the fee changes will “increase pricing support for purchase borrowers limited by income or by wealth.” The agency calls the overall fee changes “minimal” and said the moves will ensure market stability.

After a storm of criticism, the agency delayed to Aug. 1 an upfront fee for debt-to-income ratios of 40% or more. The ratio is calculated by dividing the homebuyer’s monthly debt payments by gross income. It’s one of the key measures lenders use to determine whether a mortgage applicant qualifies for a loan.

Ms. Thompson said the postponement will help “to ensure a level playing field for all lenders to have sufficient time to deploy the fee.”

The fee changes are intended to subsidize higher-risk borrowers by imposing “an intentional disruption to traditional risk-based pricing,” Mr. Stevens said.

“Why was this done? The answer is simple, it was to try to narrow the gap in access to credit especially for minority home buyers who often have lower down payments and lower credit scores,” he wrote in a post on LinkedIn. “The gap in homeownership opportunity is real. America is facing a severe shortage of affordable homes for sales combined with excessive demand causing an imbalance. But convoluting pricing and credit is not the way to solve this problem.”

Consolidated Ed posted:

quick q: when did you start working for the cia?

also arent you a ex troop? what are you even doing in cspam, you know this is a leftist forum right

Cpt_Obvious posted:

Ahh yes, I remember Lenin's pamphlet entitled "gently caress da troops! We don't need yah!"

Cpt_Obvious posted:

Ahh yes, I remember Lenin's pamphlet entitled "gently caress da troops! We don't need yah!"

Microplastics posted:

What's the current thread title from?

Microplastics posted:

What's the current thread title from?

webcams for christ posted:

thread title

spacemang_spliff posted:

the people have spoken

skooma512 posted:

Hootington do you have any comment on your recent removal as IK? Have you crackpinged in the wake of this restructuring?