Ok...a viable reason that FNM has value... Without a secondary mortgage market, there will be NO more loans to anyone that isn't already rich. The idea of buying your first house after marraige goes out the window. A business loan to start up your new dream idea? Forget it...can't happen. Sounds viable enough to me.
FNM has no monetary value, but PPS has almost nothing to do with monetary value, as has been shown by history.
And your statement "All it means is he goes along with the crowd." is propogandous in itself without any merit, so I choose to ignore it as such.
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