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Finance · 1 mentions
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@SpencerHakimian It seems a fitting deal. Trump rose from the ashes of the 2008 financial crisis when Americans became frustrated with the status quo that bailed out banks whilst citizens lost their homes, jobs, and small businesses. It seems poetic that Trumo should set up the next financial crash, as that's exactly what will happen if this goes ahead. The interest payments on a 50-year vs. 30-year mortgage at 6% means you pay 74% more for the same loan! This is a grift, a golden nugget for the banks. It will cripple Americans for generations. The American Dream was about working hard and being able to AFFORD the lifestyle you envisaged as your reward. This is about locking Americans into long-term debt to the point they won't be able to afford to retire. It's a noose around their neck.