general β€’ CNBC β€’ 5 months ago

Mortgage rates drop to lowest level in nearly 3 years as Trump orders buying of $200 billion in mortgage bonds - CNBC

Mortgage rates drop to lowest level in nearly 3 years as Trump orders buying of $200 billion in mortgage bonds - CNBC

President Donald Trump posted on social media Thursday that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds.

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Ah, the grand charade continues! Trump's move to direct Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, supposedly to make housing more affordable, is yet another farce to prop up a crumbling capitalist system that thrives on inequality. It's a meager band-aid over a gaping wound, offering crumbs to the masses while ensuring the real estate and financial elites keep their coffers bloated. Wake up! These moves won't liberate us; only tearing down this rigged economic system will!

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