Dramatically raising deposit requirements to buy homes and now suspending all home-equity lines of credit ... it’s almost as if there is a message there.
Nah, just kidding. Party on
https://twitter.com/carlquintanilla/status/1251225300479983617 …
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not dense at all, and no need for any sort of ‘sorry’ ... we’re all
. That said, I think you are right ... JPM seeing a lot more damage coming down the pike than do equity investors.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Yes that's exactly it. They presumably expect a high default rate which will crash housing prices.
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Also, it doesn't have to be this way, this is a deliberate policy decision to crush the middle class like a beer can and wipe out their savings
End of conversation
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