Fannie Mae-No Politics (FNMA)

[Cubshawk]

RuudG ---

What would be the negative market impact / turmoil to the housing market if Fannie Mae and Freddie Mac became two new companies called Fippie Moo and Flattie Mic? All they have to do is some paperwork and change the signs on the door. Still ridiculous?

You don't think placing the companies into receivership (a legal process normally reserved for companies that cannot meet financial obligations or are in the process of entering bankruptcy) could potentially have negative ramifications across the housing industry? Two companies that are responsible for insuring $5 trillion in loans signalling they are bankrupt won't spook anyone??