Home › Forums › Housing › Where has common sense gone? › Right now Fanny Mae
Right now Fanny Mae guarantees their packages that they sell to the bond holders. I don’t think that that can last.
These Mortgage bond holders, are probably 401k’s, IRA’s and other non Federally insured retirement accounts.
They’ve taken 6 trillion dollars of real estate and revalued it at 12 trillion. Marking that to market could be very painful for everyone of us.
