Trump’s “50-year mortgage at 2%” sounds like a gift to regular people.
It’s not.
It’s a trillion-dollar bailout for Wall Street dressed up as a tax cut.
Banks and hedge funds are drowning from the millions of old mortgages bought when the rates were 2-3%.
Now rates are 6-7%, so those old loans are worth only at like 50-60 cents on the dollar.
They’re sitting on $1-2 trillion in losses that would wipe out bonuses and maybe even some banks.
Trump’s plan is a magic eraser for those losses.
Every homeowner refinanced into a 50-year loan at 2% suddenly means those trash loans become gold again.
BlackRock, PIMCO, and the big banks instantly make hundreds of billions with zero work.
You pay interest for 50 years (your kids will still be paying when they’re grandparents).
2% sounds low, but factor in inflation and it’s actually negative real rate, so you lose purchasing power every year.
You can never move or change jobs easily because breaking a 50-year loan costs a fortune.
Your house doesn’t get cheaper.
Prices stay sky-high because banks can now lend huge amounts again (50 years = bigger loans). First-time buyers still get crushed.
Blackrock & wall street will undergo bailout paid by main st.
Mortgage companies will collect 50 years of servicing fees. Trump looks like a hero while delivering the biggest wealth transfer from regular Americans to billionaires in history.
American Buddhist Net 