I’m seriously wondering what’s next. Is the government going to start encouraging banks to cook the books so to speak to save the economy? I’m just wondering if Gov will start hinting that “we won’t be examining your books as closely as before, just make the problem gradually go away and don’t make it so obvious that you’re cooking the book”.

Desperate times calls for desperate measures. And if you think about this, although Fannie/Freddie are trashed, the point I’m trying to make is that for a gov to come in and basically try to regulate their respective security by limiting shorting and “preventing” erosion further to me is alarming. It’s not a level playing field and free market now is it?