Interesting, and probably accurate, Bruce.
Prior to 2008 crash, banks sold those bad loans to fannie, misrepresenting their worth.
Most people do not comprehend a trillion dollars. Fannie has more than 3 of them, in mortgages. Fannie is not just a freight train, but is a string of freight trains going across America. Millions of mortgages. If a car gets in fannie's way, the train obliterates the car and does not even slow down. Remember, fannie is a string of 3 trillion dollar locomotives. No one has ever seen an 84 billion dollar profit in a company before. Even a 187 billion dollar loss is paid back in less than a decade, with interest.
The fannie train is so huge, that, when it did come off the tracks, it simply oblitterated anything in its own path, homes, garages, banks..wiped out like they were toothpicks. Now, fannie has actually gotten back on the tracks now, and the government wants to stop it. The 3 trillion locomotive quashed the governments wind down attemps like a bug on the windshield of a bic mac truck.
All of America is behind the train, with Americans in their fannie mae loans. Yes, Im on that train. I have a fannie loan, and am a shareholder. Get on, or be left behind. We are not waiting on you, this train will leave on time.