Exactly. The MBSs are not salable without the guarantee. This is "the" key dynamic that explains why the GSEs work.
They have more than a screw loose, their heads rattle when they turn.
They are stalling, plain and simple. They are stalling so that during the interim they can continue to funnel all the GSE profits into the Treasury to pay interest for the massive debt we have.
What has changed on that topic other than now compounding the issues with a theft of two private companies?
Everyone needs to take a good look at the Icelandic economic recovery. That is how free people restore their economy, they jailed the MFers that created the mess and bailed out their people.
American sheeple are scared captives.
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