Fannie Mae-No Politics (FNMA)

[NobodyFromNowhere]

The Important Fact that Everyone Forgets!!

If Goldman, BofA, Citi or JP Morgan wanted to and could earn a profit issuing a Private Label Security, they would do it.

They already have their own plaforms and very sophistacted trading desks. They have IT departments staffed with PHD's in computer science with budgets of $1 billion ++ per year. They do not need a CSP. How do you think they all issued PLS before 2007?

What they need is for Fannie and Freddie to be shut down so there is no competition. This would allow them to increase mortgage rates and g-fees. Kill the middle class and bring home ownership levels down........Fannie and Freddie are not going to be shut down because it would blow up residential real estate and therefore the world economy.

The CSP is smoke and mirrors.