Fannie Mae (FNMA)

[RumplePigSkin]

I’ve done my DD. It isn’t hard to imagine 30% of the financial industry going insolvent. The great depression was catastrophic because the gov raised rates and allowed companies to fail. It lasted until ww2 - close to 15 yrs. FDR implemented the New Deal for public works, social security, etc. Bernanke was a student of the great depression. What was done was needed - was it done perfectly no - bit it was necessary.