Fannie Mae (FNMA)

[Donotunderstand]

I can agree

At same time - letting the mortgage lender off the hook when they sell paper to F and F is the beginning of bad practices

At same time - it is fun to see because as I said

If I were a private money company interested in being a private sector F and F - and the barrier for suing lenders is raised like this - I might not get in

Try getting private alternatives to F and F when the buyer of the mortgages can not get money back on a whole bunch of paper that they could get money back on before

Just saying - it cuts a lot of ways

Good for economy right now

Inflate prices of houses (ok to an extent?)

Make buying loans and creating MBS paper riskier (as a whole category of potentially bad paper is now paper that F and F can not puruse the lender on)