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Advisor

Re: Something Good on the Airways

In some cases most definitely. Fannie and Freddi a huge mess that need to be rectified along with everything else.

 

But not all...the big problems are the ones where they got to the point where they were just bunddles of goo and the big banks could abuse credit insurance mechanisms......what got us a defunct AIG...... credit default swaps,........way out there beyond the scope or reach of any govt. gaurantees.

 

Check out the details of any livestock facility loans that you may know of that are financed by farm credit.

Senior Advisor

Re: Something Good on the Airways

I still maintain the whole system could be reformed with one sentence....Any bank that makes a loan can not resell that loan.