tag:blogger.com,1999:blog-940142538364421402.post3240424140209700262..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: Another Day and Still A Fannie Mae (and Freddie Mac)Bill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-940142538364421402.post-51465596660645048412012-02-29T09:29:12.228-08:002012-02-29T09:29:12.228-08:00Dear "A"--Sorry to be so tardy in respon...Dear "A"--Sorry to be so tardy in responding.<br /><br />Short answer is that the gap between GSE reality and GSE negative hyperbole is oceans wide to the nagtive side.<br /><br />It's easier to remember F&F the purchasers of ALT A and Wall Street originated subprime securities in 2005 and later, than the F&F who once were part of the "homeownership solution" not part of the problem.<br /><br />Frankly the "other side" did a great job in degrading and demonizing the two copmpanies, an effort greatly aided by Fannie's and Freddie's ALT A and private label subprime purchases.<br /><br />Several prominent people have tried to right that massive information tilt (Joe Stiglitz, Mclain and Nocera, et al), but I suspect it won't change the popular image.<br /><br />I've heard rumros of a new book--in the works--which might help some, but the best hope of keeping alive the F&F "function" as dedicated mortgage investor and continuation of the 30 year fixed rate mortagge, is a sceond Obama Administration relieved of reelection pressure.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-25073777404695238332012-02-25T09:59:12.648-08:002012-02-25T09:59:12.648-08:00Hi Bill, I heard this week in Bill Maher's sho...Hi Bill, I heard this week in Bill Maher's show, panelist Eliot Spitzer (former Democrat governor of New York) and Stephen Moore (conservative economist) agreed that the financial crisis was caused by the Banks and therefore Fannie Mae and Freddie Mac should be shut down. I wonder if these educated guests understood that the GSEs are not Banks and what is their role with mortgage securities. Moreover the fact that neither of these have direct relationship with home buyers. I am more concerned with the first guest's opinion since he has dealt with Wall Street for years and should have better understanding on the role of these institutions. Bill Maher didn't agree with them but somebody should educate the American people before this becomes an issue that will become "too big to ignore" in the November election.Anonymousnoreply@blogger.com