2 ms·

The fall will be even larger.

• gigatexal 7y ago
  People think that greed and an infinite backstop (the fed backing Fannie Mae and Freddie Mac guaranteeing ~50% of the US mortgages that these MBSes are made up of) is going to end any differently? I doubt it. It will just be bigger because the government mandated that they have larger reserves, they didn't mandate they change they way they think about capitalism or greed, etc. If you had a VC behind you with trillions that would fund your every idea even after you burned many untold billions you wouldn't change your thought process either, it's no different here in my opinion. And that opinion might be jaded or unrealistic but I don't think I am that far off. I don't have much faith in the measures that have been taken to prevent another 2008 style crash.