"When the housing markets experience a significant downturn, Fannie Mae and Freddie Mac will fail at their current capital levels,"
this is the pitiful part, since treasury owes billions to GSEs, he couldnt ask his nod man SM, SM wanted to add even more limitations to the already overwhelming attemps to make the GSEs not capable of creating capitol with their own profits.
asking SM for your money back is like the left hand to ask the right hand for the money he stole
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