Fannie Mae-No Politics (FNMA)

[whipstick]

He was more opining on investors in the contemplated new credit guarantors.... which will have a gov't backing... I still ask... what happened to the shareholders of the last guarantors that had gov't backing? did it end well for them? did it end? Were they fairly treated in the media, courts or markets? Were their profits stolen based on a lot of lies and gov't corruption?

all things that have been conveniently and deliberately swept under the rug at the behest of the TBTF banks who want to own the market you describe. the expensive to borrow and very profitable to lend in mortgage market that will be absent any 30 year fixed.

It will look a lot like Europe, where the proletariat only exist in a socialist paradise wherein everyone is buoyed but no one can get ahead...

how anti american! In America we all lie and cheat to get ahead fair and square? That's what the banks do anyway, and get away with it because they operate with impunity and are rife with moral hazard.

Ask hard questions - why isn't the media asking hard questions? oh because they have to advertise and guess who buys those? The banks! but not directly of course, they provide liquidity to the companies that buy the advertising so the advertisers that support the media have to be careful not to offend the companies but really the banks via the companies... see how this works?

it all amounts to the long overdue need for a reckoning. and boy shes a coming.

oh and in case you think the media is all on the up and up https://theoutline.com/post/2978/these-are-the-people-paying-journalists-to-promote-brands-in-articles?zd=1