No, T, what collapsed the system was bad laons that Fannie Mae and Freddie Mac went merrily along with... A Home Mortgage Corp., after absorbing the worst features of these bad loans (ARM's) would provide sensible products (i.e. 30 or even 35 year fixed @ 5-6%...

Beyond cleaning up Fannie and Freddie's mess the Hiome Mortgage Corp. or the various oversught agncies would restore pragmatic regulations to furure mortagages...

Why is this so hard for you to understand??? Where are all thses so-called holes in what I, and many leading econimists, are recommending???

This is becoming just like another Iraq debate with you, T... You were wrong then and you are wrong now... But this time you don't have the bad intellegence to blame on it... The truth is out there in plain sight... The choices are not hard... Do we give hundreds of billions more to the moneyed class or do we do something for the workin' man??? That is the choice... It is apparent that you have cast your vote with the monied class... No wiggle in the world can change peoples perception that that is indeed where yoiu come down on this issue...

B~