Fannie Mae-No Politics (FNMA)

[955]

we will in 2 years see F and F default levels go through the roof (in a normal non depression) economy

Private, TBTF bank owned Federal Reserve will simply further justify nationalization and swoop in and save us with their freshly printed monopoly money at 100% interest with no principal paydown. So happy to have morally ethical bankers to protect us from our own destruction. Self-fulfilled goal of control of housing industry accomplished. Paulson voted into bankers Hall of Fame.
'You will own nothing and you will be happy.' What a circled web of alternate reality we live with no exit in sight.