Fannie Mae-No Politics (FNMA)

[Pecker9Wood]

I can't fathom the liquidation of the twins. Just what would that look like. The assets or collateral are the loans in those MBS packages. Some loans failed and there where most likely quite a few on the precipice. The government has the right to make final interest payment and return principal to securities on those packages, so just what was the issue that made the bust worst. Could it been over leveraged derivative's? The CDOs and CDSs that the banks wrote. All quiet on the banking.