Great link thanks
"The other fix needed, he said, is an easing of the standards that govern when banks must buy back faulty mortgages from government-run Fannie Mae and Freddie Mac, which own or guarantee the bulk of the U.S. home loans. That could help inspire lending."
Just as I have been saying...banks including Wells Fargo WILL NOT lend if not purchased by Fannie and Freddie. They want FnF to lower their standards so the banks can sell more loans to them.
There you go Big Yank, just like I said. Banks don't want to lend without the GSEs.
They are not going anywhere.
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