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.
Their comment is basically “we logged the whole forest and sold lumber for profit, now don’t you feel stupid for not doing it when trees still existed?!” Most anti crypto people are more sad that crypto exists than upset that they didn’t cash out big. A fascist government saying that everyone who engaged in ruining the forest was right isn’t going to change how people actually feel about the fact the forest is now gone.
People like that would rather be “right” than good, and will side with whoever is declaring them “right”.
Their comment is basically “we logged the whole forest and sold lumber for profit, now don’t you feel stupid for not doing it when trees still existed?!” Most anti crypto people are more sad that crypto exists than upset that they didn’t cash out big. A fascist government saying that everyone who engaged in ruining the forest was right isn’t going to change how people actually feel about the fact the forest is now gone.
People like that would rather be “right” than good, and will side with whoever is declaring them “right”.