U.S. government to backstop mortgages above $1 million for the first time (“Government can’t backstop shit – this means YOU, taxpayers!)

Hey Gen-Z renters who will never be able to afford a home of your own thanks to the Fed: how do you feel about the Brandon regime putting taxpayers on the hook to shield Biden’s bankster pimps and puppet masters from the consequences of their own recklessness and greed when it comes to mortgage lending?

https://www.marketwatch.com/story/u-s-government-to-backstop-mortgages-above-1-million-for-the-first-time-11669743569?mod=mw_latestnews

Scheduled increase in loan limits reflects rise in home prices and stokes debate over Washington’s role in home lending.

h/t  Boo_Randy