Freddie Mac-No Politics (FMCC)

[big-yank]

Your question is an interesting one, and I'll not get between obi's answer to you on that. But I would like to offer a secondary issue which is maybe less of a question and more of a simple observation. SOOO much of the dialog about Fanniegate is focused on TBTF and the "never again" adamant's push back on any future bailouts. The debate on the morality and legality of those "anti" views could go on forever with little resolution or plurality. So let's skip that part and move on to the core question in all of this. Does reform of Fannie and Freddie take place to remove them from the TBTF risk pool, meaning they need to be shrunk in size and market dominance, or does it mean shrinking government's role in what has traditionally been a private enterprise driven lending environment?

To make that maybe easier to digest, is it really GSE REFORM that is needed, or is it GSE REGULATION REFORM that is needed?

All comments appreciated.