Replies to post #536788 on Fannie Mae-No Politics (FNMA)

[camaro4me]

Best post award.

What if the US filed bankruptcy then how much money would Fannie and Freddie need maybe a bigger guarantee?

What if US went to nuclear war with russia and 200Million people died, what then, how much of a backstop do you need?

See at some point the argument gets pretty silly, cause ultimately you are betting on the American Economy to be sound or at least not totally implode. And, if it did, arent there more important things to worry about?

Yeah, what if if rained all across America for 40 days and 40 nights non-stopped. And California dropped into the ocean... how much do you need then. After all, its a stress test and well it could happen.

Silly and at some point defeatest arguments.

What if Apple folded? What if Microsoft was found colluding with some rogue nation and all of their cloud data was corrupt? Then what ???

Again, horribly silly, put in place regulated captital requirements of 3-5% and lets get on with it already.

These government clowns were fast to cause harm and steal my companies but so slow in doing the right thing. Its beyond comical.

Its time to Flush already!

[Donotunderstand]

so

are you saying insurance companies should stop buying re insurance for the 1 in 100 event ?

GENRE
MUNICHRE
SWISSRE

You think what they sell is worthless ?

In essence what the underlying insurance company (their most typical client) buys is insurance for just those type of emergencies --- within reason

We saw the 2007-8 meltdown … it is not nuclear war - 200 million dead - a 400 day flood - it is real and some might argue (and I do not want to argue here) but for the grace of lots of GOV action all over the economy it would have been worse (FDIC with NO limits - insurance on money market -reinsurance on GMAC and tons of others)