User 218984

The Unfair Treatment of Certain Common Equity Holders

Government policy towards the GSEs is driven 100% by, surprise, *POLITICS*. Suppose an outgoing administration has the opportunity to put a cork on a bad situation for a few months. Suppose they will be out of office shortly and hand the reins over to their enemies. Whose problem is it then? Who will be blamed by a voting public that largely does not understand economics, credit markets and finance?