Comments by "worn down" (@worndown8280) on "There isn't a buyer large enough to take on the Fed's mortgage-backed securities: FHN's Schmidt" video.

  1. Thats because they want higher home values. Governments, both state and local need that, and the increased tax revenue it brings. Otherwise they all go bankrupt. The "housing crisis" and everything that enables it is just a way to address governments that are spendthrifts. We saw what will happen all across America with cities like Detroit, Stockton, and Vallejo. I worked in Vallejo at that time. One of the local hospital had to basically pay for a law enforcement officer to protect the hospital. Kaiser paid the city 120k per year.
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