Fannie Mae (FNMA)

[malebaboon]

Bruce A Thompson - what's interesting about the pablum in Rubio's response is that the community banks, in responding to FHFAs survey, want to recapitalize the GSEs and return them to what they do best - serve the secondary mortgage market. Also Rubio bemoans the loss of 30% of home value during the crisis, and then insists that homes need to return to their 'true' value, one not distorted by the GSEs. In the current environment, with no private lending, I would guess that would mean all cash like the guy who paid 3.2 million in Detroit for 6,000 homes, about $500 per home. I guess that's the true value of American real estate.

MB