[HN Gopher] First Republic handed out billions in ultra-low-rate...
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       First Republic handed out billions in ultra-low-rate mortgages to
       the wealthy
        
       Author : VagueMag
       Score  : 35 points
       Date   : 2023-04-26 16:24 UTC (6 hours ago)
        
 (HTM) web link (www.businessinsider.com)
 (TXT) w3m dump (www.businessinsider.com)
        
       | klyrs wrote:
       | https://archive.is/tuE14
        
         | rnk wrote:
         | Looks like there is no reason for them to exist because of the
         | large negative net worth of the low interest rate loans. They
         | could only survive if their other assets are worth a huge
         | amount to offset that.
        
       | [deleted]
        
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       (page generated 2023-04-26 23:03 UTC)