Wow. Is this correct? I haven’t had time to read up on the specifics. So we’re essentially providing guarantees on the payment streams of all of these securities? That’s amazing.
Where do we get the money to cover this? The news outlets were talking about $25B as cost of Fannie/Freddie bailout. The cost of what you’re describing doesn’t sound even close to $25B. More like $1-2T. Your take as well?
