Fannie Mae-No Politics (FNMA)

[YanksGhost]

The only thing I smoke is an occasional pork butt on the charcoal grill.

It is not that I necessarily disagree with your comments on banks, term changes and the NWS. But unfortunately for you, saving the banks, modifying the SPSPA and implementing the NWS are LEGAL under HERA. As an example, saving the banks from their own sins can clearly be viewed in the light of saving the GSEs from demise if all the mortgage banks quit issuing new loans, triggering a real estate decline that would devalue FnF's asset portfolio by as much as 25%. Back in 2008, 25% of approximately $3 T would be about $750 B (which looks to me tad above the $187.5 B bailout amount.

What I am basically saying is: even if you are right, you still LOSE unless HERA gets repealed.

Sorry, That is the way the law works.