Replies to post #15921 on Fannie Mae Preferred S (FNMAS)

[rosen62]

5 *****

[jwnoble3]

The CSP experiment sounds exactly like a boondoogle. $300M to start development and then no oversight or forecasts on how much more F&F funding will be required to get a working platform. Additionally, many of the proposed bills assume the CSP works well.

The GSEs continue to serve this country well in good and bad times over many decades. Our government should not be experimenting (CSP) with 20% of the US economy at stake.