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mrfence

09/10/13 1:04 PM

#120262 RE: mikoli007 #120255

Yes, in fact it's the only solution that would work constitutionally moving forward. The GSEs have worked to keep the housing market prosperous, and stable from inception. It was the failure of much larger forces including regulators, and politico's of the day that pushed the GSE's outside their realm to be something other than a stabilizing force in the market, and they still outperformed all others in their sector, and ultimately worked to keep the crisis from being worse than it could have been.

Even the size of the bailout was not necessary to keep the GSEs in business but rather to use them as a control to fix the larger financial crises.

Until Monetary reform is tackled someday, the GSE's are the only tool in the Goverments shed sharp enough combat outside attacks on the U.S. financial system.