The GSEs are miserable failures. I guess to some people more government involvement seems to be the stock answer to everything. Well maybe you will get that.
Perhaps the better answer is no government involvement. No GSE, No FHA, nothing at all. VA I am okay with because veterans have given more to this country then anybody.
Perhaps maybe, just a tad bit, that the government has a small, teeny tiny role in “suggesting” that banks lend to people who had no business buying a home. Perhaps that may have been one of many factors contributing to the problems to begin with.
