[quote=SD Realtor]Yes we all know this. There is no secondary market and has not been for quite awhile. I would not expect a secondary market for awhile either. I do not believe the entity matters do you? The fed… Fannie Mae, Freddie Mac, Barney Frank…
No matter what happens, the govt is ultimately going to have to be the secondary market for quite awhile because the market will crash if it was gone.[/quote]
Hasn’t the Fed said they are going to stop buying MBS cold turkey come next March? Or was it Jan? I thought that was what Ramsey Su said in his article a while back. When that happens (I suppose you are saying it wont), the whole house of cards falls down.
So the way I see it, the current administration is indebted to the Federal Reserve to keep this charade going. Anyone actually think Ron Paul’s will actually get his way and we’ll have oversight on the Fed?
