Top Swiss banker attacks US lending standards as 'unbelievab

Great article Solve et Coagula. Thanks

Darth War_dodger had to hide the costs of the war by lowering interest rates to keep the housing industry booming. Now that his term is ending he has to raise the rates to fight inflation but as usual greedy speculators in the form of hedge funds took the mortgage moneys sold the mortgages to banks and declared bankruptcy. The banks are stuck with valueless houses. It is Darth War_dodger's incompetence.