Fannie Mae-No Politics (FNMA)

[401kobessive]

Negative ghost rider, what is you are seeing is a way out that does not bring a jaded view from the voter. They will spin this as a end to taxpayer bailouts. When in reality it would again fall on the taxpayer should things get bad again. Once the insurer is default, who then? The tax payer. What is funny is the CCS would be dissolved and the GSE remains, looking for another insurer. Its perfect, as long as we only have this bubble once every sixty to hundred years.