45% ratio caused the bubble. every mortg. cal on the planet uses 28/32% ratios, but Fannie of course doesnt care. Fitch/Moodys/S&P should cut Fannie/Freddie to junk, but, of course they wont because they suffer ZERO conseqences for yes, causing this credit problem. All the mutual fund/pension managers should tell these credit bozos to take their BS reports and burn them. But of course these managers dont give a hoot either because, hey its not their money. And I’m in a really good mood, otherwise I wouldn’t be so polite.
