Replies to post #173841 on Fannie Mae-No Politics (FNMA)

[tutankhamen]

And the final point being that if wind down were to occur, that it is TOTALLY fantasy to think that the banks want, should or could take on $3-4Trillion in size. I don't care who manages the mortgage portfolios or how wide you want to spread it, it ALWAYS will have to be backed by the government and by default, the taxpayer. It has been proven in spades at least 3 times in the last 100 years that you cannot let mortgage holders go bankrupt without an ensuing Depression.

[tutankhamen]

And the final point being that if wind down were to occur, that it is TOTALLY fantasy to think that the banks want, should or could take on $3-4Trillion in size. I don't care who manages the mortgage portfolios or how wide you want to spread it, it ALWAYS will have to be backed by the government and by default, the taxpayer. It has been proven in spades at least 3 times in the last 100 years that you cannot let mortgage holders go bankrupt without an ensuing Depression.