7min chapter

Wealth Formula by Buck Joffrey cover image

415: Tax and Return: Judge Glock

Wealth Formula by Buck Joffrey

CHAPTER

Risks of Rising Interest Rates and Government Intervention in Mortgages

The chapter explores the vulnerabilities of banks in a rising interest rate environment, highlighting the risks and potential need for bailouts. It also discusses the historical background of government involvement in the banking system, cautioning against the long-term costs of seemingly 'free' financial support.

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