Basically, I'm criticizing the 'Emperor' (aka Uncle Suggy) for maintaining the fallacy since 1968 and again in 1972, that Fannie Mae and Freddie Mac MBS are NOT guaranteed by the federal government.
They want their cake and eat it too.
It will likely NEVER happen simply because to do so would require adding up to $7.2T+ in liabilities to the National Debt.
More federal government bs accounting is how the US government accounts for the Social Security system as well.
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