- This topic has 20 replies, 4 voices, and was last updated 17 years ago by
patientrenter.
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November 23, 2007 at 5:00 PM #10981November 23, 2007 at 6:01 PM #103114
bsrsharma
ParticipantBesides the outright taxpayer funded bailout and spiral of death, why not consider a third option – an indefinite repo by FED of GSE held MBSes. That should calm down the markets without taxpayer money.
November 23, 2007 at 6:01 PM #103255ParticipantBesides the outright taxpayer funded bailout and spiral of death, why not consider a third option – an indefinite repo by FED of GSE held MBSes. That should calm down the markets without taxpayer money.
November 23, 2007 at 6:01 PM #103232ParticipantBesides the outright taxpayer funded bailout and spiral of death, why not consider a third option – an indefinite repo by FED of GSE held MBSes. That should calm down the markets without taxpayer money.
November 23, 2007 at 6:01 PM #103209ParticipantBesides the outright taxpayer funded bailout and spiral of death, why not consider a third option – an indefinite repo by FED of GSE held MBSes. That should calm down the markets without taxpayer money.
November 23, 2007 at 6:01 PM #103197ParticipantBesides the outright taxpayer funded bailout and spiral of death, why not consider a third option – an indefinite repo by FED of GSE held MBSes. That should calm down the markets without taxpayer money.
November 23, 2007 at 6:37 PM #103211patientrenter
ParticipantKevin, this seems a fun but very academic topic.
I think everyone assumes that the GSEs really are “too big to fail”. The public discussion of the silent but assumed federal government guarantee of their debts (and support for their role in propping up home prices) is widespread and never denied by Congress. What are the odds that a majority in Congress will vote to pull the plug on the GSEs? A majority of voters want home prices to stay as high as possible, so I’d say it’s as close to zilch as you can get in politics.
Patient renter in OC
November 23, 2007 at 6:37 PM #103224ParticipantKevin, this seems a fun but very academic topic.
I think everyone assumes that the GSEs really are “too big to fail”. The public discussion of the silent but assumed federal government guarantee of their debts (and support for their role in propping up home prices) is widespread and never denied by Congress. What are the odds that a majority in Congress will vote to pull the plug on the GSEs? A majority of voters want home prices to stay as high as possible, so I’d say it’s as close to zilch as you can get in politics.
Patient renter in OC
November 23, 2007 at 6:37 PM #103129ParticipantKevin, this seems a fun but very academic topic.
I think everyone assumes that the GSEs really are “too big to fail”. The public discussion of the silent but assumed federal government guarantee of their debts (and support for their role in propping up home prices) is widespread and never denied by Congress. What are the odds that a majority in Congress will vote to pull the plug on the GSEs? A majority of voters want home prices to stay as high as possible, so I’d say it’s as close to zilch as you can get in politics.
Patient renter in OC
November 23, 2007 at 6:37 PM #103271ParticipantKevin, this seems a fun but very academic topic.
I think everyone assumes that the GSEs really are “too big to fail”. The public discussion of the silent but assumed federal government guarantee of their debts (and support for their role in propping up home prices) is widespread and never denied by Congress. What are the odds that a majority in Congress will vote to pull the plug on the GSEs? A majority of voters want home prices to stay as high as possible, so I’d say it’s as close to zilch as you can get in politics.
Patient renter in OC
November 23, 2007 at 6:37 PM #103247ParticipantKevin, this seems a fun but very academic topic.
I think everyone assumes that the GSEs really are “too big to fail”. The public discussion of the silent but assumed federal government guarantee of their debts (and support for their role in propping up home prices) is widespread and never denied by Congress. What are the odds that a majority in Congress will vote to pull the plug on the GSEs? A majority of voters want home prices to stay as high as possible, so I’d say it’s as close to zilch as you can get in politics.
Patient renter in OC
November 23, 2007 at 6:55 PM #103134TheBreeze
ParticipantWhat if the GSEs are too big to bail out? I think they are backing something like $4.6 trillion in mortgages. Just 10% of that amount would be about $500 billion. That’s another Iraq war. It’s amazing how many disasters Bush has presided over.
November 23, 2007 at 6:55 PM #103216ParticipantWhat if the GSEs are too big to bail out? I think they are backing something like $4.6 trillion in mortgages. Just 10% of that amount would be about $500 billion. That’s another Iraq war. It’s amazing how many disasters Bush has presided over.
November 23, 2007 at 6:55 PM #103276ParticipantWhat if the GSEs are too big to bail out? I think they are backing something like $4.6 trillion in mortgages. Just 10% of that amount would be about $500 billion. That’s another Iraq war. It’s amazing how many disasters Bush has presided over.
November 23, 2007 at 6:55 PM #103230ParticipantWhat if the GSEs are too big to bail out? I think they are backing something like $4.6 trillion in mortgages. Just 10% of that amount would be about $500 billion. That’s another Iraq war. It’s amazing how many disasters Bush has presided over.
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