Here's a thought John Carney. Let FNMA pay back the 186 bil take a nice 10% or similar. Leave FNMA in place, release the GSE from consrv. Require all private capital backstop of 5%. Make the GSE's to pigeon hole x amount of dollars in case the shit hits the fan again. Dang, why reinvent the wheel? Just add the needed requirements. Ever hear of Ocams razor?
"Hold out some hope".... This is our f ing company. Hopefully a judge will order a release from cship, this is all nonsense... Aig took 190B from the government in bailouts and are free to conduct business.