ML - The way the world works - analyzing how things work
ML - The way the world works - analyzing how things work
David Nishimoto
why do banks acccumulate mortgage backed securities, and why do they mark them to market?
7 minutes Posted Aug 22, 2022 at 1:07 pm.
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Show notes
Banks should be money warehouses of money not investment houses. Because banks have chose to become investment entities they increase their risk through speculation chasing profits. In the event of bad investment they default or beg for bailout from the taxpayer. The fed lends money and inflation increases.
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