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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (23468)	10/7/2008 3:19:11 PM
From: DuckTapeSunroof	Respond to of 25737

"Yes, you keep repeating that idea with different phrasing." Yep! (Just trying to be clear... because you kept coming back with phrases that I hadn't ever said :-) "An organization doesn't have to be federally sponsored in order to buy up paper for long term fixed mortgages" No... but they would have to have a Hell of a lot of money to make any kind of significant market over such a long period! (Like I said: previously the commercial banking sector only found VERY LARGE CORPORATIONS and SOVEREIGN NATIONS credit worthy enough to offer 30 year loans to --- not individuals.) The same evidence is presented in numerous other countries, (so I have little reason to believe that the financial logic would be any different). Loans made to individuals for such a LONG period of time would require SIGNIFICANTLY higher coupons without the deep pockets of these 'federal corporations' making a ready secondary market.