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The Biggest Risk To The Financial System

This Post Has 3 Comments
  1. From the first 4:41 video:

    Victims say dream homes turned into nightmares, Georgia builder indicted
    WSB-TV
    Apr 27, 2023
    A builder promised families he would build them their dream homes in the North Georgia mountains. But homeowners said they were left with half-finished homes and unpaid bills. The builder took in millions of dollars, and now families want to know what happened to all that money.

    The second 7:13 video:

    Variable Rate Mortgages the ‘Primary Target’ of New Banking Regulations
    Mark Mitchell – Mortgage Broker London Ontario
    May 1, 2023 CANADA

    The buildup of variable rate mortgages represents a potential risk to households, and the Canadian economy as a whole, according to OSFI President Peter Routledge.

    As such, OSFI is looking to build up a margin of safety, potentially making it more difficult to qualify for a
    variable rate mortgage than that of fixed.

    The third 6:36 video:

    HOMES DOWN $207K ’22-23 #CROWNHILL #SEATTLE #98117 #homebuyingtips #seattlerealestate #howtobuyahome
    Victor Ashley Real Estate
    May 1, 2023
    Victor Ashley discusses #marketanalysis & #buyingahome in the #Crownhill #neighborhood #98117 of #Seattle WA and compares #homeaffordability to the average household in the #seattlerealestate market as well as provides #homebuyingtips & #homebuyingguide to #firsttimehomebuyers & anyone curious to the market.

  2. The bumper sticker arrived anonymously at the Nantucket Town And County Building last Wednesday, its inflammatory message touching on the live wire of one of the island’s most hotly debated — and longstanding — issues.

    “If you want affordable housing, move to Cape Cod where you belong,” read the sticker, which was addressed to town leaders.

    https://www.msn.com/en-us/news/us/move-to-cape-cod-bumper-sticker-riles-affordable-housing-proponents-on-nantucket/ar-AA1aAvW4

  3. Neither JPMorgan nor the Federal Deposit Insurance Corporation have explicitly said what the purchase means for First Republic common shareholders. Those shareholders are not expected to be made whole either, though, according to the banking equity analyst team at Wedbush Securities.

    “We expect a wipe-out of common shareholders following FRC entering receivership and being sold to JPM,” Wedbush Securities equity analyst David J. Chiaverini wrote in a note to clients on Monday.

    https://finance.yahoo.com/news/first-republic-stock-investors-face-wipe-out-analyst-says-190031923.html?.tsrc=fin-notif

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