Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

MC's quest to overcapitalize the twins with International Commercial Bank Basel III capital requirements so he can create a "level playing field" for the TBTF banks and create multiple government guarantee MBS issuers is misplaced. "However, each of the three times competitive mortgage
securitization by competing private financial institutions has been tried, it delivered
much higher risk levels than investors expected, and each time the market
ultimately collapsed." Indian Law Journal, Competition and Crisis in Mortgage Securitization
MICHAEL SIMKOVIC*
U.S. policy makers often treat market competition as a panacea. However, in..."