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Originally Posted by Parlay Slow
Are we talking semantics here? I can rephrase.
i was, thank you for rephrasing.
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Originally Posted by Parlay Slow
How does this advance his populist mission of helping the average American?
it probably doesnt. it was merely rolled back because trump will view anything obama did in a rush during the lame duck session as suspect and will roll them all back without much regard to their merits. in theory this could be to actually give time for him to consider whether or not to actually implement them himself - but that's pretty unlikely. I'm sure its mostly closer to spite, with a bit of his base will consider cancelling anything of obama's as good - and this letter was a super easy one since it hadn't even been implemented yet so there wasn't really anything to undo, just stop it before it starts.
an argument can be made that this would have been one of many steps that led down the same road that caused the last housing crisis. Right, cheaper mortgage insurance makes it easier for people to buy homes with small down payments - which may or may not actually be a good thing on a case by case basis, homes without any equity can be really risky since people move so often, lose jobs etc. But there's almost no chance that this played any part in trump's decision. And it may not even be a good argument.
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Originally Posted by Parlay Slow
wouldn't it make more sense to have the banks pay for it,
there's really no such thing. if the govt charges the banks, they would still just pass that cost onto the borrowers.