Replies to post #757066 on Fannie Mae-No Politics (FNMA)

[Freddie bagholder]

i was quoting Stevens from his article. I am desperate regardless.

[FOFreddie]

Howard is on the record that he doesn't believe in the common cramdown. The common cramdown is just as problematic as the conservatorship itself because the whole thing is a roadmap for future nationalizations of systemically important financial systems. Hope the GSE haters are learning the lesson that if you compromise your principles for expediency then you become the compromised one next.