[ExSES]

This sort of scheme only works for the duration of the value bubble then..., the "homeowner" walks away leaving the TAXPAYERS to ultimately "pick up the tab"! You were guessing. Because it hasn't happen before.

I guess you were not "tuned in" to economics during the "S&L Crisis" and subsequent "Bail Out" in the establishment of the Resolution Trust by Congress in 1989???

[Toddsterpatriot]

Because it (a bailout of Fannie Mae and Freddie Mac) hasn't happened before.

I guess you were not "tuned in" to economics during the "S&L Crisis" and subsequent "Bail Out" in the establishment of the Resolution Trust by Congress in 1989???

There is a difference between Fannie, Freddie and FDIC insured institutions.