The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (27751)	3/3/2005 8:57:26 PM
From: Wyätt Gwyön	Read Replies (2) of 110194

so that Asians hold even more of the really crappy GSE Old Maid Cards. Then when the mortgages go bad, more of the burden is borne by the Asians, rather than US taxpayers sorry, but there's no farking way the govt is going to let the GSEs default. FNM equity may go to the Crapper (Yay!), but they HAVE to back the bonds. if not, US housing market is burnt toast and we have another Great Depression. that is just axiomatic and the Wizards realize it. therefore, there's no way they let it happen. imo.

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