Fannie Mae-No Politics (FNMA)

[DaJester]

To someone with extensive restructuring experience, I can understand why everything looks like a restructuring. Most of them go pretty much the same way. Hammer -> Nail.

If you don't understand the relationship between blinders and knowledge, you may want to research the concept of "Expert Blindness". In short: "Expert blindness happens when we subconsciously develop a bias as a result of our intimate and extensive knowledge on a particular subject. Your expertise fuels your success; it also creates “expert blindness,” skewing how you see and react to the world."

Which is why you understandably didn't answer ANY of my questions of how much experience you've had with the situations the GSEs are encountering? You think you know it all.

Reality is that the journey has been filled with unprecedented turns, at least for the 11 years I've been following the GSEs. Unlike you, I don't think that everything will suddenly revert to the "norm" of restructuring and receivership. I leave open the possibility that the resolution here will be different because the journey here was different.