The Setup: Trump’s New “Affordability Agenda” In a headline-grabbing move, Trump directed government-backed mortgage giants Fannie Mae and Freddie Mac to buy up $200 billion worth of mortgage-backed securities (MBS). The stated goal? Lower mortgage rates and make housing more “affordable.” And right on cue, 30-year mortgage rates dipped below 6%—the lowest since August 2022. Markets cheered. Wall Street clapped. Politicians patted themselves on the back. But behind the curtain, something far more sinister is unfolding. Quasi-QE: A Wolf in Free Market Clothing What Is "Quasi-Quantitative Easing"? Experts like Calvin Yeoh are calling this move “quasi-QE,” a term that should set off alarm bells. It mimics the Federal Reserve’s quantitative easing programs where the government becomes the buyer of last…

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