The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks.

Now you can pay your McMansion with McDollars and help bring about the next subprime mortgage crisis.

      • Tiger666@lemmy.ca
        22·
        3 个月前

        How is that different from using dollars?

        Capitalists are already doing this with dollars and other forms of currency. Crypto is just one more scam just like money.

          • Tiger666@lemmy.ca
            21·
            3 个月前

            “One of the actual valid reasons for a government is the regulation of a standard currency established via political policy and regulated by the rule of law”.

            Said the libertarian

            Do you not see the contradiction of your political beliefs?

            Anarcho-capitalism is not an actual political ideology. It is a contradiction of two ideologies.

            AYN RAND WAS A FRAUD.

            • phutatorius@lemmy.zip
              1·
              3 个月前

              AYN RAND WAS A FRAUD.

              That implies she was deliberately deceptive. She was a crank, who believed her own bullshit, until it became inconvenient to do so.

              And, despite libertarians’ efforts to hijack it, state-managed currency has bugger-all to do with their defective, half-baked theories.

    • NatakuNox@lemmy.world
      6·
      3 个月前

      Turn your fake money and turn it into valuable assets the poor can’t afford with their real money. Then simply rent out the property too the poors for twice the average family income.

    • phutatorius@lemmy.zip
      4·
      3 个月前

      I remember liar’s loans and how much they contributed to the 2008 crash.

      Now Trump and his gang are mandating that kind of chicanery?