Replies to post #396925 on Fannie Mae (FNMA)

[Donotunderstand]

GOV did not force banks to do shist

seriously

BANKS do what they want .... and make money on all of it

On top of that

THE BIG ONES BELIEVE AND ACT ON THE FOLLOWING AXIOM

Banks capitalize all profits

Banks SOCIALIZE all losses

Heads they win and tails you lose


(I a not anti bank - but to think Banks lent money because the GOV said .......... is to not understand the real world of the BIG MONEY capital markets)