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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (63803)6/15/2006 12:34:39 PM
From: patron_anejo_por_favor  Read Replies (3) of 110194
 
Fannie is the slush fund for all the lenders. They are used essentially to remove bad debts from the system and sequester them where they can do the least harm. They will remain protected to the extreme, all the posturing yer hearing from Clowntown (AKA "Washington") is Kabuki theatre to make it only appear like the problem is being dealt with. But it won't be, until an accident happens that makes it no longer avoidable.
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