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Wednesday, June 26, 2013 10:33:39 AM
I hope your'e right though!
I just don't see how this new mortgage structure is going to work. What happens when that 10% of private money collapses in the next recession? It's all going back on the government, except this time it goes on their books and the debt becomes insanely high (trillions added!). At least now with FnF, housing is government regulated but the business remains separate from the federal budget.
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