Fannie Mae (FNMA)

[ERichardson]

You're probably living on one of Fannie's assets. As for, "...mortgage backed securities are nothing more than a smoke screen to hide true status of properties associated with mortgages", sub-prime lending was the prime culprit in the expansion and ultimate explosion of the housing market.

As I mentioned, I'm personally not a fan of FNMA, but all of the Fannie slapping has made me rather sympathetic towards the now unpopular bleeding giant.

I do, however, see your point. My point being; how do we take down such a giant as Fannie without further jeopardizing our already fragile economy.

I don't see the benefit of trashing our Fannie in hopes of saving our ass--sets.