Replies to post #102578 on Fannie Mae-No Politics (FNMA)

[geotrade]

Agreed. The question is do they spin off the loan portfolios of f and f to be the private companies with a 10% capital buffer or do they give it all to the banks. Jim Millstein proposed privatizing the core business of the companies, CW leaves it to chance. The speculative investment portfolios were always going to be wound down. If they give it to the banks it is the biggest heist of our lifetime. Gov prop up f and f, staving off trillions of dollars in losses on CDS, banks agree to admitting liability for selling the bad paper, pay 25? on the $ for the transgression and the gov. hands them the housing market...

Either way it is news and will get us closer to a resolution. Just not sure if it is the one we want. We will see...