History Doesn’t Repeat, It Just Tokenizes Which Is How MBS Get Packaged With Junk Collateral (Again)

The FHFA has ordered Fannie Mae and Freddie Mac to count crypto as a mortgage asset, sparking concern among Senate Democrats who warn of heightened risks of loss due to scams and cyber hacks. This move could lead to the creation of mortgage-backed securities with risky collateral. The decision has been criticized for its potential to recreate the 2008 financial crisis with blockchain technology.