Federally backed loans. Just like when the fed started backing housing loans so banks could make bad loans and still make money - another form of money laundering.
Maybe they always were federally backed, but the interest rates were reasonable, and standards were higher.
https://finance.yahoo.com/news/us-government-biggest-financial-asset-212757531.html
Federally backed loans. Just like when the fed started backing housing loans so banks could make bad loans and still make money - another form of money laundering.
Maybe they always were federally backed, but the interest rates were reasonable, and standards were higher.