Replies to post #432392 on Fannie Mae-No Politics (FNMA)

[Pecker9Wood]

Any way they color it, the Glass-Seagall act of 1939 and it's builders had the insight as too the destructive powers of investment banks into the MBS market. I don't know when CDOs and CDSs originated but using them in investment banking in the MBS market was alike going from an atom bomb too a hydrogen bomb. Those instruments exacerbation in the demise of the housing market and bank failures. Someone who passes legislation too remove a safe guard like the Glass-Seagall act and expose the MBS market too such instruments should have their motives questioned or their mental facilities.